This topic contains a solution. Click here to go to the answer

Author Question: If this pollution occurs, one way of reaching efficient production levels is by setting a Pigovian ... (Read 108 times)

jenna1

  • Hero Member
  • *****
  • Posts: 568
If this pollution occurs, one way of reaching efficient production levels is by setting a Pigovian Tax. To achieve efficiency with this tax means that the tax must equal the
 
  A) marginal social cost.
  B) marginal private cost.
  C) marginal private benefit.
  D) marginal external cost.

Question 2

The labor supply curve is backward bending because
 
  A) as the wage rate rises, the substitution effect becomes larger than the income effect.
  B) as the wage rate rises, the income effect becomes larger than the substitution effect.
  C) an increase in the wage rate shifts the supply of labor curve leftward at higher wages.
  D) an increase in the wage rate shifts the supply of labor curve rightward at higher wages.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Melissahxx

  • Sr. Member
  • ****
  • Posts: 304
Answer to Question 1

D

Answer to Question 2

B




jenna1

  • Member
  • Posts: 568
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


debra928

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

For a complete list of videos, visit our video library