This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The diagram below shows the marginal costs of pollution abatement for two firms, Firm 1 and Firm ... (Read 29 times)

jrobl3

  • Full Member
  • ***
  • Posts: 167
on: Oct 12, 2022

The diagram below shows the marginal costs of pollution abatement for two firms, Firm 1 and Firm 2.



FIGURE 17-5

Refer to Figure 17-5. Suppose each firm is currently abating pollution to the level Q3. Which of the following statements is true?


◦ This outcome is not allocatively efficient because less than 100% abatement is being achieved.
◦ This outcome is not productively efficient because the total cost of achieving this level of abatement is not minimized.
◦ This outcome is not productively efficient because one firm is abating more pollution than the other.
◦ This outcome is efficient because both firms are abating the same amount.
◦ This outcome is not allocatively efficient because the marginal benefits and marginal costs of abatement are not equated.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jrobl3 on Oct 12, 2022

KAyteeBee1129

  • Full Member
  • ***
  • Posts: 165
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


jrobl3

  • Member
  • Posts: 167
Reply 2 on: Oct 12, 2022
Wow, this really help

Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Diagram of the general anatomy of a male cat Diagram of the general anatomy of a male cat
A cartoon of “King Andrew the First” shows Jackson standing atop the U.S. Constitution—a scepter in A cartoon of “King Andrew the First” shows Jackson standing atop the U.S. Constitution—a scepter in
Health Care Costs for the Elderly and Disabled Health Care Costs for the Elderly and Disabled
Diagram of gastric ulceration by H. pylori. H. pylori travels through the stomach's mucus ... Diagram of gastric ulceration by H. pylori. H. pylori travels through the stomach's mucus ...
Economic objectives of firms Economic objectives of firms
Effect of Phosphate Pollution Effect of Phosphate Pollution
Video: Oogenesis Animation

For a complete list of videos, visit our video library