An emission charge decreases private marginal cost and encourages greater output.
Answer the following statement true (T) or false (F)
False
An emission charge in proportion to pollution will increase the costs to the firm, shifting the MC curve upward (supply curve leftward) and the ATC up, resulting in lower output, higher prices, and lower profits.
Economics
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If an import quota is imposed on imports of shrimp into the United States, U.S. producer surplus from shrimp will ________ and U.S. total surplus from shrimp will ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease E) increase; not change
Economics
Compliance with wage and price controls by unions and businesses is strictly voluntary
a. True b. False Indicate whether the statement is true or false
Economics