The British economist A. C. Pigou
a. wrote The Economics of Welfare in 1911.
b. offered an explanation of the market economy's poor environmental performance.
c. outlined an approach to environmental policy still in favor with economists today.
d. All of the above are correct.
d
Economics
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Refer to Figure 7.1. At what level of output does average total cost equal marginal cost?
A) Q2 B) Q3 C) Q4 D) Q5 E) none of the above
Economics
Under perfect competition, the market mechanism, without any government regulation, is capable of
A. allocating resources efficiently. B. solving equity problems. C. making the average cost of labor equal to the average cost of all commodities. D. making more income available to the poor.
Economics