Author Question: A firm will avoid producing additional emissions whenever the fee is A) less than the MSB. B) ... (Read 50 times)

jasdeep_brar

  • Hero Member
  • *****
  • Posts: 569
A firm will avoid producing additional emissions whenever the fee is
 
  A) less than the MSB.
  B) greater than the MSB.
  C) less than the MCA.
  D) greater than the MCA.
  E) equal to the distance between MSB and MCA.

Question 2

Suppose the labor market and all output markets are perfectly competitive. When the labor market is in equilibrium, the wage rate will:
 
  A) be less than the marginal revenue product of labor.
  B) equal the marginal revenue product of labor.
  C) be greater than the marginal revenue product of labor.
  D) None of the above is necessarily correct.



coreycathey

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

For a complete list of videos, visit our video library