The use of "green" pesticide production practices while environmentally desirable, raises the marginal costs of production 8 percent. What are the likely consequences of "green" production practices, ceteris paribus? Prices of outputs will rise and quantities of produced will fall. b. Prices of outputs will rise and quantities of produced will rise Prices of ouputs will fall and quantities of produced will rise. d. Prices of outputs will fall and quantities produced will fall. а. с.

The use of "green" pesticide production practices while environmentally desirable, raises the marginal costs of production 8 percent. What are the likely consequences of "green" production practices, ceteris paribus? Prices of outputs will rise and quantities of produced will fall. b. Prices of outputs will rise and quantities of produced will rise Prices of ouputs will fall and quantities of produced will rise. d. Prices of outputs will fall and quantities produced will fall. а. с.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 5SCQ: Consider two approaches to reducing emissions of CO2 into the environment from manufacturing...

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