Suppose a Particular Production Process Results in a Large Amount

question 161

Multiple Choice

Suppose a particular production process results in a large amount of pollution and the government decides to impose a tax to correct for this externality, such that the socially optimal output will be produced. The tax will have the effect of shifting the

• A)marginal private benefit curve to the right.
• B)marginal social benefit curve to the right.
• C)marginal private cost curve to the left.
• D)marginal social cost curve to the left.
• E)marginal private cost curve to the right.

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A personality trait that involves manipulation and exploitation of others, a lack of morality, and a focus on self-interest and deception.

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A personality trait characterized by diligence, organization, dependability, and a strong sense of duty.

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