If Production Is Characterized by Variable Technology, the Optimal Level

question 155

Multiple Choice

If production is characterized by variable technology, 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)all costs are absorbed by the polluter

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Definitions:

Renal Function

The efficiency and effectiveness of the kidneys in filtering and eliminating waste products from the blood.

Mg/dL

Milligrams per deciliter, a measurement unit used in medicine to denote the concentration of substances in the blood.

Elevated

Raised above the ground or a normal level; increased in position or status.

Dehydration

Withdrawal of water from the tissues naturally or artificially.