This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The optimal level of pollution is: a. the level at which the marginal social cost of air quality ... (Read 150 times)

jc611

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
The optimal level of pollution is:
 a. the level at which the marginal social cost of air quality equals the marginal social benefit.
  b. the level at which the average social cost of air quality equals the average social benefit.
  c. the level at which the total social cost of air quality equals the total social benefit.
  d. zero.

Question 2

The marginal propensity to consume:
 a. is the proportion of disposable income that is consumed.
 b. is the ratio of disposable income to consumption.
 c. is the change in consumption relative to a change in disposable income.
  d. minus the marginal propensity to save must equal 1.
 e. is greater than 1 at all levels of income.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lkoler

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


jc611

  • Hero Member
  • *****
  • Posts: 552
Reply #2 on: Jun 30, 2018
Thank you :)


lkoler

  • Sr. Member
  • ****
  • Posts: 358
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Weber's Three Components Of Social Class Weber's Three Components Of Social Class
Social Security Payments to Beneficiaries Social Security Payments to Beneficiaries
Democracy (or “democratization”) is a global social movement. People all over the world yearn ... Democracy (or “democratization”) is a global social movement. People all over the world yearn ...
Rising sea level threatens coastal communities around the world Rising sea level threatens coastal communities around the world
Share of Hours Worked by Education Level, 1940–2008 Share of Hours Worked by Education Level, 1940–2008
Keeping your feelings to yourself may increase your stress level Keeping your feelings to yourself may increase your stress level
Video: Replication of DNA and Chromosomes/ How do cells replicate their DNA? (Animation) no Audio

For a complete list of videos, visit our video library