Author Question: If firms pollute when they produce: a. marginal social cost equals marginal private cost. b. ... (Read 82 times)

Capo · **on:** Jun 30, 2018

If firms pollute when they produce:
a. marginal social cost equals marginal private cost.
b. marginal private cost exceeds marginal social cost.
c. marginal social cost exceeds marginal private cost.
d. marginal social cost equals marginal external cost.

Question 2

Which of the following is true of the relationship between disposable income and consumption?
a. Disposable income and consumption are both dependent variables.
b. Disposable income and consumption are both independent variables.
c. Disposable income is the dependent variable and consumption is the independent variable.
d. Consumption is the dependent variable and disposable income is the independent variable.
e. Disposable income and consumption are negatively related to each other.