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Author Question: There is no opportunity cost of obtaining A) a free good. B) a scarce good. C) any good a ... (Read 226 times)

jake

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on: Jun 29, 2018
There is no opportunity cost of obtaining
 
  A) a free good.
  B) a scarce good.
  C) any good a person acquires, as long as they value it highly enough.
  D) any good a person acquires, as long a they think it is worth the effort.

Question 2

The figure above shows the market for the chemical hydrogen sulfide, the production of which creates an external cost. The government imposes the pollution tax shown in the above figure. What quantity is produced after the pollution tax is imposed?
 
  A) zero pounds
  B) 80 million pounds
  C) 160 million pounds
  D) more than 160 million pounds
  E) more than 80 million pounds and less than 160 million pounds


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ErinKing

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


jake

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Reply #2 on: Jun 29, 2018
Correct answers!


ErinKing

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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