3M runs a Pollution a Prevention Pays program that has led to a substantial reduction in pollution and costs this would be an example of responding and costs. This would be an example of responding to which of the following ?

Related Mcqs:

1. Suppose an industry emits a negative externality such a pollution and the possible methods to internalize the externality are command-and-control policies, pigovian taxes, and tradable pollution permits. If economists were to rank these methods for internalizing a negative externality based on efficiency ease of implementation and the incentive for the industry to further reduce pollution in the future, they would probably rank them in the following order (from most favored to least favored) ?

   A. Pigouvian taxes, command-and-control policies, tradable pollution permits.
   B. tradable pollution permits, Pigouvian taxes, command-and-control policies
   C. tradable pollution permits command-and-control policies, Pigovian taxes.
   D. command-and-control policies, tradable pollution permits, Pigovian taxes.
   E. They would all rank equally high because the same result can be obtained from any one of the policies

2. Pricing to cover variable costs and some fixed costs as in the case of some automobile distributorships that sell below total costs is typical of which of the following pricing objectives ?

   A. current profit maximization
   B. product quality leadership
   C. Market share leadership
   D. Survival

3. Air pollution from automobile exhausts, and water pollution steel plants are examples of ?

   A. external economies
   B. negative externalities
   C. internal spillover
   D. social distortion

4. A reduction in the costs of production will ?

   A. Lead to a movement along the supply curve
   B. Shift the demand curve
   C. Shift the supply curve
   D. Lead to an extension of supply

5. If Mark Mars pays Hershey Foods Corporation for the right to use their name on his line of T-shirts then Mr. Mars is using which type of branding ?

   A. Licensed brands
   B. Manufacturer’s brand
   C. Private brand
   D. Co-brand

6. An unemployed salesperson has been offered a job paying Rs500 a week. He turns that job down and continues to search for another job that pays more. The cost of this continued search is ?

   A. the Rs500 weekly salary that he has forgone to search for another job
   B. The Rs500 weekly salary that he has forgone and the monetary costs incurred by continuing to search
   C. Rs difference between the weekly salary he finally accepts and the Rs500 weekly salary that he has forgone
   D. Rs0, since he is currently unemployed

7. If two jobs require the same amount of skills and experience the job that pays the most is most likely to be the one that is ?

   A. unpleasant
   B. all these answers
   C. safe
   D. fun
   E. easy

8. By adjusting the model of comparative advantage to include transportation costs along with production costs we would expect ?

   A. The prices of trade goods to be lower than when there are no transportation costs
   B. specialization to stop when the production costs of the trading partners equalize
   C. The volume of trade to be less than when there are no transportation costs
   D. The gains from trade to be greater than when there are no transportation costs

9. If the price is less than the average costs but higher than the average variable costs ?

   A. The firm is making a loss and will shutdown in the short term
   B. The firm is making a profile
   C. The firm is making a loss but will continue to produce in the short term
   D. The firm is making a loss and is making a negative contribution to fixed costs

10. If marginal costs equal average total costs ?

    A. average total cost is falling
    B. average total cost is raising
    C. average total cost is maximized
    D. average total cost is minimized