Author Question: Consider a supply curve of the form: Q = c + dP. If d equals zero, then supply is: A) completely ... (Read 58 times)

luminitza · **on:** Jul 1, 2018

Consider a supply curve of the form: Q = c + dP. If d equals zero, then supply is:

A) completely inelastic.
B) inelastic, but not completely inelastic.
C) elastic, but not infinitely elastic.
D) infinitely elastic

Question 2

The efficient level of recycling equates the

A) marginal cost of scrap disposal to the marginal benefit from not using virgin materials.
B) marginal cost of recycling to the marginal benefit from not using virgin materials.
C) marginal cost of scrap disposal to the marginal cost of recycling.
D) marginal private cost of disposal to the marginal cost of recycling.
E) per-unit refund from recycled materials to the marginal benefit from not using virgin materials.