For a firm hiring a resource in a perfectly competitive resource market, its demand curve for the ...

For a firm hiring a resource in a perfectly competitive resource market, its demand curve for the resource is its
 a. marginal product curve
  b. marginal revenue product curve
  c. marginal resource cost curve
  d. marginal revenue curve
  e. total revenue curve

QUESTION 2

In the United States, what percentage of smog comes from manufacturing sites?
 a. 5 percent
  b. 15 percent
  c. 25 percent
  d. 40 percent
  e. 80 percent

QUESTION 3

For a resource in a perfectly competitive market, marginal revenue product is equal to the price of the resource.
 a. True
  b. False

QUESTION 4

In the United States, federal efforts to clean up the environment are coordinated by the
 a. Environmental Protection Agency
  b. Department of the Interior
  c. State Department
  d. Department of Agriculture
  e. Department of Justice

QUESTION 5

A firm's marginal revenue product curve is downward sloping, which means the derived demand curve for an input is downward sloping.
 a. True
  b. False

QUESTION 6

If producers cannot afford the fees for pollution rights,
 a. they will pollute
  b. they will buy pollution rights
  c. they will sell pollution rights
  d. they will have to find a cheaper way to deal with their pollution
  e. they will not be able to use their pollution rights