In a Temperature Inversion

question 62

Multiple Choice

In a temperature inversion

• A) air temperature increases with increasing height.
• B) air temperature decreases with increasing height.
• C) air temperature remains constant with increasing height.
• D) it is warmer at night than during the day.

---

Definitions:

Quasilinear Preferences

A type of preference where utility is linear in one argument, allowing indifference curves to have the same slope regardless of the level of consumption of other goods.

Equivalent Variation

A measure used in economics to evaluate the change in wealth that would leave an individual's utility unchanged before and after a policy change or a price change.

Compensating Variation

A monetary measure of the amount of money a consumer would need to reach their original utility level after a price change.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.