Author Question: As the relative price paid to a resource in a particular use rises, a. resources will be drawn from ... (Read 61 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
As the relative price paid to a resource in a particular use rises,
 a. resources will be drawn from lower-valued uses to higher-valued uses
  b. resources will be drawn from higher-valued uses to lower-valued uses
  c. resources will generally remain where they are currently employed
  d. the supply of that resource will shift to the right
  e. the supply of that resource will shift to the left

Question 2

The optimal level of pollution is
 a. zero
  b. the level at which the marginal social cost of air quality equals the marginal social benefit
  c. the level at which the average social cost of air quality equals the average social benefit
  d. the level at which the total social cost of air quality equals the total social benefit
  e. the level at which the marginal social cost of air quality is minimized



C.mcnichol98

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

For a complete list of videos, visit our video library