Author Question: The market supply curve of capital is a. upward sloping b. perfectly inelastic c. upward sloping ... (Read 135 times)

biggirl4568 · **on:** Jun 30, 2018

The market supply curve of capital is
a. upward sloping
b. perfectly inelastic
c. upward sloping at first but then bends backward
d. downward sloping
e. perfectly elastic

Question 2

The marginal social cost of air quality increases as air quality increases. If the dirtiest production process would create 700 tons of pollutants, then
a. eliminating the first 20 tons of pollution is cheaper than eliminating the last 20 tons
b. eliminating the last 20 tons of pollution is cheaper than eliminating the first 20 tons
c. more damage will be done by the first 20 tons of pollution than by the last 20 tons
d. more damage will be done by the last 20 tons of pollution than by the first 20 tons
e. the optimal level of air quality is to reduce pollution by 700 tons