Author Question: With the debris of more than 50 years of climbing on the beautiful high slopes oxygen canisters, ... (Read 78 times)

yoooooman · **on:** Jun 29, 2018

With the debris of more than 50 years of climbing on the beautiful high slopes oxygen canisters, tents, backpacks and even some bodies Mount Everest has been called the world's highest garbage dump.

It has been suggested that there should be a limited number of climbers allowed on the mountain each year to limit the environmental degradation that occurs. This method of achieving efficient use of a common resource is most like A) a property right.
B) an individual transferable quota.
C) a production quota.
D) a marginal social benefit right.

Question 2

A consumer will maximize utility, given income and prices, when the marginal rate of substitution is equal to the ratio of the prices of the two goods.

Indicate whether the statement is true or false