The above figure shows the marginal benefit from pollution for two firms
If both firms receive a marketable permit to pollute 25 units of pollution each, how much will each firm pollute and how much will a permit for one unit of pollution be worth?
Firm B will sell permits to firm A until the marginal benefits are the same for both firms. Firm A will generate 37 tons of pollution and firm B will generate 13 tons of pollution. The market value of a permit will be $5.
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In autarky, when a community maximizes its standard of living, its consumption point is
A) below the production possibility frontier. B) on the production possibility frontier. C) above the production possibility frontier. D) can't tell without more information.
Burger King has a direct demand for the cheese which it uses in its burgers
a. True b. False Indicate whether the statement is true or false