Author Question: As the relative price paid to a resource in a particular use rises, a. resources will be drawn from ... (Read 72 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?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

For a complete list of videos, visit our video library