The above figure shows the marginal benefit to a firm of polluting in the local river while producing its output, and the marginal cost to the firm's neighbor. The marginal cost of production is zero for the firm
If there is just one neighbor who owns the river, how much pollution is likely to occur? A) 0 units
B) 500 units
C) 1000 units
D) more than 1000 units.
B
Economics
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Other things equal, the level of bilateral trade between two countries will increase as their GDP:
a. rises. b. falls. c. stays the same. d. becomes less equal.
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In order to maximize their political benefits, legislators need only pay attention to the special interests in favor of a particular program
a. True b. False
Economics