Suppose the private marginal cost of pumping water from an aquifer remains constant as the quantity of water pumped increases, and the marginal social cost is upward sloping
If the demand for water shifts to the right as population increases, then the amount of water pumped based only on private costs ________ and the social cost of the common property resource ________. A) decreases, decreases.
B) decreases, increases
C) increases, decreases
D) increases, increases
D
Economics
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What will be the principal and most immediate effect on the supply or demand for raw cotton grown in the United States if the price of synthetic textiles declines?
A) Decrease in demand B) Decrease in supply C) Increase in demand D) Increase in supply
Economics
If the federal government where to raise the income tax rates, would this have any impact on a state's cost of borrowing funds? Explain
What will be an ideal response?
Economics