Question
I am stuck! Need with this economics question. Help. Thanks for your time How does marginal private cost (MPC) differ from marginal social cost (MSC)?
I am stuck! Need with this economics question. Help. Thanks for your time
How does marginal private cost (MPC) differ from marginal social cost (MSC)?
1)MSC capture all costs to society, while MPC only captures costs to the producers
2)MPC captures all costs to society, while MSC only captures costs to the producers
3)MPC is derived demand, whereas MSC is demand based on satisfaction
4) MSC is the combination of the marginal private benefit (MPB) and the MPC, whereas MPC
When thinking about pollution control, which of the following represents a direct intervention?
1)The federal government creating a pollution rights market for sulfur dioxide
2)The state of Arizona limiting CO2 emissions from motor vehicles
3)The government providing public education for recycling
4)Phoenix imposing a tax on carbon emissions from manufactures
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