For a good whose production creates a pollution, when marginal ...

[Charlie]

For a good whose production creates a pollution, when marginal social cost equals marginal social benefit, then
 
  I there is no pollution.
  II resources are utilized efficiently.
  A) I only
  B) II only
  C) neither I nor II
  D) both I and II

Question 2

Last year, after Shirley received a 14 percent pay increase, she increased the quantity of pork chops she purchased by 6 percent. Hence, her income elasticity of demand for pork chops equals
 
  A) 0.43.
  B) -0.43.
  C) 2.33.
  D) -2.33

[kaykay69]

Answer to Question 1

B

Answer to Question 2

A

[Charlie]

TYSM

[xoxo123]

Gracias!