The ability of natural environments to absorb wastes
a. is called the sponge function.
b. is abused by excessive pollution.
c. imposes negative externalities on wildlife.
d. is replenished by flow pollutants.
e. All of the above.
Ans: b. is abused by excessive pollution.
Economics
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A firm's net worth is equal to the value of its
A) assets minus the value of its liabilities. B) liabilities minus the value of its assets. C) common stock minus the value of its outstanding bonds. D) outstanding bonds minus the value of its common stock.
Economics
Fixed costs are best defined as: a. costs that do not vary with output
b. costs that vary with output. c. the sum of all marginal costs. d. the change in total cost when one more unit of output is produced.
Economics