Use the Following to Answer Questions

question 139

Multiple Choice

Use the following to answer questions :
Figure: Efficiency and Pollution
-(Figure: Efficiency and Pollution) Use Figure: Efficiency and Pollution.Assume that firms are the only beneficiaries of pollution and that costs are borne solely by others in the society.If this market produced _____ tonnes of pollution,then _____.

• A) 30;it would be efficient
• B) 45;marginal social cost would be less than marginal social benefit
• C) 20;marginal social benefit would be less than marginal social cost
• D) 20;the marginal social benefit would be $7

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Definitions:

Language

A system of communication that uses symbolism, such as sounds, signs, or written symbols, in a structured and conventional way to convey meaning.

Phonemes

The basic units of sound in a language that distinguish one word from another.

Morphemes

The smallest units of language that carry meaning.

Phonemes

The smallest units of sound in a language that distinguish one word from another.