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Author Question: The optimal level of pollution is: a. the level at which the marginal social cost of air quality ... (Read 151 times)

jc611

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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.


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lkoler

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


jc611

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Reply #2 on: Jun 30, 2018
Thank you :)


lkoler

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Reply #3 on: Jun 30, 2018
Happy to help you


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