Private enterprises often oppose environmental regulation because it raises cost of operation, reducing profits. Suppose that Belville, KS has ten dairy farms whose manure runoff pollutes the River. The table below gives information about the operation of each farm, identified
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- As the extent of environmental protection expands, would you expect marginal costs of environmental protection to rise or fall? Why or why not?What is a marketable permit and what incentive does it provide for a firm to account for external costs?Econo X C A small city has an open space in X + =es/3d8faf7a-7f4e-423e-967d-dd440d76e4f0/5/6rnrrh/tools/assessment/items/1d065957-ec50-43fd-8ea9-... -5% True Command-and-control regulation is typically more efficient than emissions taxes. Answer Bank Pollution taxes encourage firms to find innovative ways to remove pollution. H Firms generate the same level of pollution regardless of any pollution taxes that are imposed. With a pollution tax, firms must pay a fine if they pollute more than the legally specified amount. Q Search Resources Ex Give Up? False A A pollution charge and a pollution tax are the same thing. Q Hint G
- Discuss the threats of independence in the Waste management scandal 1998Look at tesla’s DNSH’s criteria scores versus its peers. Which of thesix environmental objectives has Tesla outperformed its peers (on average) for the fiscal year 2020?Refer to the data provided in Table 9.1 below to answer the question(s) that follow. Table 9.1 TC MC $50 1010 - N34567 9 1 2 E38888888 TVC TFC $50 $0 50 50 50 50 50 50 8008882 50 30 90 132 186 80 70 20 140 - 20 10 15 95 15 15 112 17 182 AAAARIN 236 AVC BB55558 42 15.50 28 18 22 54 2657 Refer to Table 9.1. If the market price is $42, then in the long run the firm will O operate and expand. Ooperate but not expand. shut down, but not go out of business. go out of business. ATC 2952283 70 40 31.67 30.33 33.71
- -gסGG0-[E> O Completed 20 out of 20 K Question 1l of 20 > Which property is NOT a characteristic of a good environmental protection policy? O It is deemed fair. O It is enforceable. O It provides polluters with the proper incentives. O It minimizes abatement costs. LAPTOP LOGIN acer USERNAME: student PASSWORD: Broward1 TravelMate BFirm 11 2 Initial Pollution Level 3 100 200 $20 $40 Above is tabulated the pollution level in tons for three different manufacturing firms, as well as their cost per ton of reducing pollution. The government has decided to limit total pollution to 300 tons, and distribute to each firm 100 permits, each allowing the firm to emit 1 ton of the pollutant. By how much would the total cost of the pollution reduction initiative be reduced if the firms are allowed to trade their permits, as opposed to not letting them trade them? Cost of Reducing Pollution by 1 Unit $10 300Discuss the two approaches to environmental enforcement in industrial democracies
- Connect Problem 11-12 (algo) A village has six residents, each of whom has accumulated savings of $110. Each villager can use this money either to buy a government bond that pays 20 percent interest per year or to buy a 1-year-old goat, set it onto the commons to graze, and sell it after a year. The price the villager gets for a 2-year-old goat depends on the amount of weight it gains while grazing on the commons, which in turn, depends on the number of goats sent onto the commons, as shown in the following table: Number of Price of 2- year-old goat ($) goats on the commons 125 117 3. 114 111 108 6 105 a. If each villager decides individually how to invest, then how many goats will be sent onto the commons and how many villagers will buy a bond? Instructions: Enter your responses as whole numbers. 4 O goat(s) will be sent onto the commons and 2 O villager(s) will buy government bonds What will be the resulting village income? $ 116 O b. What is the socially optimal number of goats for…109 83 35 B 18 DE 223 634 925 1374 Emissions Consider the figure above. If the government imposes a tax of $83 per unit of emissions, then what areas represent the total cost of abatement?$ per meal 22 20 18 16 14 12 10 8 6 4 2 10 10 12 8 14 C Submit 30 B D EE A A local restaurant attracts a large crowd for lunch. However, its customers park their cars on the street, making it more difficult customers of other businesses to pass and find parking. In an unregulated market, the restaurant will charge__ $ per meal. 50 70 MSC MPC MPB=MSB 110 130 90 Meals per hour You have used 0 of 1 attempt 9 Save