Question 12 options: The diagram below illustrates MAC functions for 2 polluting firms. It is desired that total emissions fall to 100 units, and regulators impose a uniform standard of 50 units on each firm. What will be the social compliance cost? 150 MAC2 100 MAC1 50 60 585 75 10 40 c 50 60 100
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- Why is air pollution a matter of ethics?3. The table below depicts the marginal cleanup costs for Springfield's two polluters, ACME Corp. and Bluth Industries. Currently, each firm is polluting 100 units (for an industry total of 200 units). However, regulators have decided that the total amount of pollution in Springfield needs to be cut in half. Marginal Marginal Cleanup. Level (A or B) Cleanup Cost Cleanup Cost ACME Bluth 10 15 10 20 20 12 30 30 16 40 45 22 50 65 30 60 90 45 70 120 65 a) Suppose regulators adopt a command-and-control pollution standard that forces each firm to reduce pollution by the same amount, going from 100 units down to 50 units. What is the total cost of cleanup under this regulation? b) Suppose, instead, that regulators adopt pollution taxes. What tax level would guarantee the same outcome? Under the tax, how much pollution would each firm clean up? What is the total cost of cleanup under this regulation? How much tax revenue would the tax generate? c) If regulators were to implement cap-and-trade,…EOC 11.04 Two businesses, X and Y, each dump 20 tonnes of pollution into a creek. In an effort to reduce pollution, the government will now require businesses to have a pollution permit to dump pollutants in the creek. Each business receives 10 pollution permits and they can use it to pollute or sell it to the other business (but lose the ability to pollute). To reduce pollution it costs business X $100 per tonne of pollutant eliminated and it costs business Y $50 per tonne of pollutant eliminated. Once the two businesses have traded these permits with each other, what is the likely outcome? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a business X emits 10 tonnes of pollutants and business Y emits 10 tonnes of pollutants. b business X no longer pollutes, and business Y will not lower the amount it pollutes. business X raises its pollution, and business Y will lower how much it pollutes. business Y no longer pollutes, and…
- (BUS 201.) On page 211-212, in the Ethics section at the bottom of the page, there is a discussion about a case concerning the Power Rangers. Please read this excerpt and discuss your thoughts.6 Explain the principle of Indemnification in case of marine insurance contract with suitable example. sub:insurenceWhat is command-and-control environmental regulation?
- A city currently emits 15 million gallons (MG) of raw sewage into a lake that is beside the city. Table 12.13 shows the total costs (TC) in thousands of dollars of cleaning up the sewage to different levels, together with the total benefits (TB) of doing so. Benefits include environmental, recreational, health, and industrial benefits. Using the information in Table 12.13 calculate the marginal costs and marginal benefits of reducing sewage emissions for this City. What is the optimal level of sewage for this city? How can you tell?Complete the second column of the following table by indicating who buys and sells permits in this case. Complete the fourth column of the table with the number of permits each firm ends up with after trading with the others. Next, subtract the number of permits from the initial pollution level to determine how many units of pollution reduction each firm has to complete, and enter these values into the fifth column of the table. Next, determine the total cost of reducing the pollution levels you determined in the previous column, and enter that into the final column of the table. Finally, add up the total pollution reduction costs for each firm and enter the total amount in the final cell of the total row in the following table. Firm A B C Total Buys or Sells Initial Pollution Level 30 45 60 If permits could not be traded, firm A would have to remove units of pollution at a total cost of $ The overall cost of reducing pollution in this case is $ " Permits after Trade Remaining…Regulations have an efficiency-enhancing role in the presence of exter-nalities. Discuss, with examples of regulatory approaches including theCoasian approach.
- Discuss the threats of independence in the Waste management scandal 199871 2. HIPAA compliance can be violated by doing all the following, except: O Database breaches O Gossiping or sharing personal health information O Documenting in a secure location Telling family members about a resident's medical history A Comm Pause → # C $ % Cr do Questions 6, 7, 8, 9 and 10: Choose an answer to continu 1/5 Next SAMSUNG Oll < 6 & 7 * ∞ 8 onWhat responsibility should the manufacturer of toxic chemicals have for harmful effects that they have years after their initial manufacture and sale? Should manufacturers have foreseen such harms, or should they be liable even if they didn’t know about potential harms?