Exploring Microeconomics
8th Edition
ISBN: 9781544339443
Author: Sexton, Robert L.
Publisher: Sage Publications, Inc., Corwin, Cq Press,
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Chapter 9, Problem 5P
To determine
To identify if gas tax is known as reflecting ability-to-pay or benefit-received principle.
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2. Answer the following questions as they relate to a fishery:
Why is the maximum sustainable yield not necessarily the optimal sustainable yield? Does the same
intuition apply to Nathaniel's decision of when to cut his trees?
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