If a Manufacturer Does Not Have to Pay for Its

question 142

Multiple Choice

If a manufacturer does not have to pay for its contribution to pollution,it will produce

• A)Too much output from a social viewpoint.
• B)Inefficiently from a private viewpoint.
• C)Unprofitably from a private viewpoint.
• D)At a price that is too high from a social viewpoint.

Learn the determinants of rents and their relation to land and marginal revenue product.

Understand the basic function of profits and losses in allocating resources within an economy.

Grasp the factors affecting the supply and demand for loanable funds.

Recognize the role of risk in economic decisions and the insurance mechanism.

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Definitions:

Church Sermon

A church sermon is an oration, lecture, or talk by a member of a religious institution or clergy where spiritual or moral lessons are delivered.

Market Segmentation

The process of dividing a target market into smaller, more defined categories of consumers who share similar characteristics and needs.

Utility

The total satisfaction or benefit that a consumer receives from consuming a good or service.

Competitive Intelligence

The act of gathering and analyzing information about competitors' activities and strategies to inform a company's decisions.