Author Question: If more is better, how can you explain that more pollution doesn't violate this principle? What ... (Read 7 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
If more is better, how can you explain that more pollution doesn't violate this principle?
 
  What will be an ideal response?

Question 2

If total cost equals 2,000 and quantity produced is 100 units, then
 
  A) fixed cost is 200 and average variable cost is 18.
  B) fixed cost is 600 and average variable cost is 14.
  C) fixed cost is 500 and marginal cost is 15.
  D) Either A or B can be correct.



CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

When dealing with a bad, we recast it as a good. In this case, we recast pollution as clean air which then allows us to state that more is better, thus upholding our assumptions about preferences.

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

For a complete list of videos, visit our video library