The optimal amount of air pollution is
A) found by equating the marginal benefits from reducing pollution by one more unit with the marginal costs of reducing pollution by an additional unit.
B) found by equating the total benefits from reducing pollution by one more unit with the total costs of reducing pollution by an additional unit.
C) found by setting the marginal benefits from reducing pollution by one more unit equal to zero.
D) a meaningless concept since we cannot monetize the environment.
Answer: A
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The nominal rate of interest is equal to the real interest rate plus the inflation rate
a. True b. False Indicate whether the statement is true or false
If Best Dogs only sells their hot dogs in packages of eight, all of the following are true except which one?
A) Best Dogs is using an all-or-nothing pricing scheme. B) Best Dogs' customers are spending the consumer surplus they would have received on the first few hot dogs on the last few hot dogs. C) Best Dogs has market power. D) Best Dogs is trying to prevent arbitrage.