Mutual funds that offer shares that are redeemable are referred to as

An indifference diagram has movies on the vertical axis and sodas on the horizontal axis. As the consumption of sodas increases, the marginal rate of substitution ________ and the indifference curve becomes ________

A) falls; flatter B) falls; steeper C) rises; flatter D) rises; steeper

Consider the production of some industrial good that involves air pollution. The table below gives the marginal social cost (MSC), the marginal cost (MC), and the marginal social benefit (MSB) for each level of output (Q)

Q MSC MC MSB 1 3 2 11 2 6 4 10 3 9 6 9 4 12 8 8 5 15 10 7 6 18 12 6 To arrive at the efficient market equilibrium the government could impose a tax of A) $3. B) $4. C) $8. D) $9.