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

Author Question: Which of the following is an example of a permanent resource price differential? a. When the price ... (Read 71 times)

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
Which of the following is an example of a permanent resource price differential?
 a. When the price of oil increases, oil exploration increases.
  b. When the price of CDs falls, CD production decreases.
  c. When demand for land in a city increases, its price increases above prices of land elsewhere.
  d. When demand for computer programmers increased, more people went into that field.
  e. When the price of oil rose, demand for solar panels increased.

Question 2

The optimal level of water and air quality
 a. is zero, which is a pollution-free environment
  b. occurs when the marginal private cost of air quality equals its marginal social cost
  c. is greater if the marginal social cost curve of air quality shifts downward
  d. occurs when all negative externalities are eliminated
  e. eliminates the common pool problem



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brittrenee

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

C

Answer to Question 2

C




bucstennis@aim.com

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
Wow, this really help


Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

For a complete list of videos, visit our video library