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-Refer to the Diagram Above,which Shows the True Marginal Cost

question 106

Multiple Choice

  -Refer to the diagram above,which shows the true marginal cost and marginal benefit of air quality.A leftward shift of the marginal benefit curve of air quality would A)  reduce the optimal level of pollution. B)  raise the optimal level of pollution. C)  not affect the optimal level of pollution. D)  reduce the cost of manufacturing products. E)  increase the cost of manufacturing products.
-Refer to the diagram above,which shows the true marginal cost and marginal benefit of air quality.A leftward shift of the marginal benefit curve of air quality would

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Definitions:

Depression

A prolonged and severe downturn in economic activity, characterized by high unemployment, falling prices, and reduced levels of trade and investment.

Production Possibilities Frontier

A graph illustrating the maximum possible output combinations for two products that a country can produce given its technological capabilities and quantity of inputs.

Unemployment

The situation when individuals who are capable of working and are actively seeking employment are unable to find a job.

Production Possibilities Curve

A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology.

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