Single-owner proprietorships often unintentionally exaggerate their profits because they
A) forget their explicit losses.
B) look at after-tax instead of pre-tax costs.
C) pay their bills late and therefore incur large interest charges.
D) neglect to consider the opportunity cost of the owner's labor.
D
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Scarcity is a problem that will eventually disappear as technology advances
Indicate whether the statement is true or false
If both the marginal social benefit of abatement function and the marginal social benefit of abatement function shifted up. a. The greater would be the efficient level of pollution abatement
b. The smaller would be the efficient level of pollution abatement. c. There would be no change in the efficient level of pollution abatement. d. We do not know whether the efficient level of pollution abatement would rise or fall.