Assume that there are two electric power plants (firm 1 and firm 2) emitting sulfur dioxide, an air pollutant. They can reduce emissions at the following total costs, where q1 is tons of emissions abatement by firm 1, and q2 is tons of abatement by firm 2:TC1= 6q21TC2= 2q22Assume that unregulated emissions are 40 tons for each firm, for a total of 80 tons. a. An environmental regulator must reduce total emissions of sulfur dioxide by 20 tons. Compute the cost-effective allocation of control responsibility; how many tons of emissions abatement must each firm achieve in order to minimize the total abatement costs?b. If the regulator chooses to meet her 20-ton reduction objective with an emissions tax, what per-unit charge should be imposed? How much government revenue will the tax system generate, if the tax is levied on all units of pollution?c. Please find the market (aggregate) marginal abatement cost function. Let the marginal benefit function for sulfur dioxide pollution abatement be: MB = 35-0.5Qd. What is the efficient level of pollution control (call it Q*)? Is the tax you calculated in part (b) just right, too low, or too high to induce the efficient level of abatement? What emission tax would achieve the efficient level of control
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Business, 22.06.2019 08:00, truthqmatic16
Compare the sources of consumer credit(there's not just one answer)1. consumers use a prearranged loan using special checks2. consumers use cards with no interest and non -revolving balances3. consumers pay off debt and credit is automatically renewed4. consumers take out a loan with a repayment date and have a specific purposea. travel and entertainment creditb. revolving check creditc. closed-end creditd. revolving credit
Answers: 2
Business, 22.06.2019 19:20, goofy44
Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm
Answers: 1
Business, 22.06.2019 19:40, QueenNerdy889
An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)
Answers: 1
Assume that there are two electric power plants (firm 1 and firm 2) emitting sulfur dioxide, an air...
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