The costs of pollution abatement
A) increase at an increasing rate with the increase in pollution abatement.
B) increase at a decreasing rate with the increase in pollution abatement.
C) decrease at an increasing rate with the increase in pollution abatement.
D) decrease at a decreasing rate with the increase in pollution abatement.
A
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The above table contains information about the nation of Syldavia. There are no income taxes or imports in this nation. When real GDP is $15 billion, firms' inventories experience an unplanned
A) increase of $5 billion. B) decrease of $10 billion. C) increase of $4 billion. D) decrease of $1 billion. E) increase of $10 billion.
The figure above shows a graph of the market for pizzas in a large town. What characterizes the equilibrium in this market?
A) There is excess supply at the equilibrium price of $7. B) The government has selected the appropriate price for pizzas. C) The quantity supplied equals the quantity demanded. D) Supply equals demand.