Question
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.
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Transcribed Image Text: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.
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