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Author Question: For a good whose production creates a pollution, when marginal social cost equals marginal social ... (Read 89 times)

Charlie

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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



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kaykay69

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Answer to Question 1

B

Answer to Question 2

A




Charlie

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


cdmart10

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Reply 3 on: Yesterday
Gracias!

 

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