The
Coase theorem states that ____.
A: the
level of pollution should be equal to zero to maximize social net
benefit
B: if
property rights exist and transactions costs are low, private
transactions are efficient
C: the
efficient level of output is where marginal external cost equals
marginal external benefit
D: the
best way to limit pollution is by taxing producers who pollute
Coase theorem states that ____.
A: the
level of pollution should be equal to zero to maximize social net
benefit
B: if
property rights exist and transactions costs are low, private
transactions are efficient
C: the
efficient level of output is where marginal external cost equals
marginal external benefit
D: the
best way to limit pollution is by taxing producers who pollute
举一反三
- When<br/>the marginal benefit and marginal cost of sodas are equal, then<br/>____. A: the<br/>production of sodas might be allocatively efficient but it is<br/>definitely production inefficient B: the<br/>allocatively inefficient amount of sodas is being produced C: more<br/>sodas should be produced to reach the allocatively efficient quantity D: the<br/>allocatively efficient amount of sodas is being produced
- A<br/>rational decision maker takes an action only if the() A: marginal benefit is less than the marginal<br/>cost. B: marginal benefit is greater than the<br/>marginal cost. X C: average benefit is greater than the average<br/>cost. D: marginal benefit is greater than both the<br/>average cost and the marginal cost.
- A competitive,<br/>profit-maximizing firm hires workers up to the point where<br/>the__________ A: marginal<br/>product equals zero. B: marginal<br/>revenue product equals zero. C: marginal<br/>product equals the nominal<br/>wage. D: value<br/>of the marginal product equals the wage.
- For any given price, a firm in a competitive market will maximize<br/>profit by selecting the level of output at which price intersects the<br/>( ) A: average total cost curve. B: average variable cost curve. C: marginal cost curve. D: marginal revenue curve.
- A country produces only pencils and erasers. Pencil production is allocatively efficient if the marginal ________ of a pencil equals the marginal ________ of ________. A: cost; benefit; an eraser B: cost; cost; an eraser C: benefit; benefit; an eraser D: benefit; cost; a pencil