When economists say that a good is non-rival in consumption, they mean that: A.

Question

When economists say that a good is non-rival in consumption, they mean that: A. no one wants the good B.moe than one person can enjoy the good at the same time C.everyone wants the good D.the good is widely available If the marginal costs of water pollution abatement is increased, then the optimal amount of water pollution increases True False A firm that generates pollution is illustrated in figure 16.1. the government has chosen to impose a pollution tax equal to p(2). From the firms point of view, the marginal benefit of abatement is A.zero because abatement benefits the general public, not the firm B.the reciprocal of the marginal cost of abatement C.avoiding the pollution tax imposed by the government D.the positive publicity the firm will receive by having a green production plant number of workers units of output 2 100 3 160 4 210 5 250 6 280 7 300 8 310 Refer to the table,if the price of output is $2 per unit and we observe the firm hiring 4 workers, if the firm is maximizing profit, the wage rate must be between ____________ and ______________. A. 40-50 B.320-500 C.80-100 D.50-90 Consider a labor market in equilibrium. If both demand curve and supply curve of labor shift to the right, then the number of workers hired in the market will ___________________. A, increase B.decrease C.remain unchanged D. either increase or decrease or remain unchanged Under the temporary aid to needy families a recipient loses their cash benefits when they get a job. True False

Explanation / Answer

the marginal costs of water pollution abatement is increased, then the optimal amount of water pollution increases True

hen economists say that a good is non-rival in consumption they mean that more than one person can enjoy the good at the same time

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