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Author Question: A firm will avoid producing additional emissions whenever the fee is A) less than the MSB. B) ... (Read 14 times)

jasdeep_brar

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  • Posts: 569
on: Jul 1, 2018
A firm will avoid producing additional emissions whenever the fee is
 
  A) less than the MSB.
  B) greater than the MSB.
  C) less than the MCA.
  D) greater than the MCA.
  E) equal to the distance between MSB and MCA.

Question 2

Suppose the labor market and all output markets are perfectly competitive. When the labor market is in equilibrium, the wage rate will:
 
  A) be less than the marginal revenue product of labor.
  B) equal the marginal revenue product of labor.
  C) be greater than the marginal revenue product of labor.
  D) None of the above is necessarily correct.


coreycathey

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


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