If Production Is Characterized by Variable Technology and Generates Pollution,the

question 170

Multiple Choice

If production is characterized by variable technology and generates pollution,the optimal level of air quality occurs where _____

• A)the marginal private cost of air quality equals the marginal social benefit.
• B)the marginal social cost of air quality equals the marginal social benefit.
• C)the marginal social cost of air quality equals the marginal private cost of air quality.
• D)government regulators set it.
• E)the average private cost equals the average social cost.

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Definitions:

Moral Values

Principles that govern an individual’s behavior or the conducting of an activity, reflecting beliefs about what is right, wrong, good, or bad.

Government Attempts

Efforts or endeavors made by governmental bodies to address, solve, or manage specific issues or problems.

Personal Behavior

The actions or reactions of an individual in response to external or internal stimuli, often considered in terms of the individual's character or disposition.

African Americans

A demographic group in the United States with ancestors who were brought from Africa to America through the transatlantic slave trade.