Question 25 One of the potential problems, among others, by implementing marketable pollution permits has been found to be rising cost of enforcement creation of "hot spot for the polluters cheating by the polluters increase of bureaucracy
Q: Suppose you own an outdoor recreation company and you want to purchase all-terrain vehicles (ATVS)…
A: The budget line, also known as the budget constraint, displays all possible combinations of two…
Q: Which of the following explains why the owners of used cars tend not to sell them at a low price…
A: In this review, customer suspicion toward new items is characterized as a shopper's propensity to…
Q: Draw the Lorenz curve and calculate the Gini coefficient for two countries based on the following…
A: In economics, the Gini coefficient, additionally the Gini list and the Gini proportion, is a…
Q: Lars has asserted that he prefers bacon to sausage, sausage to chips and chips to bacon. Based on…
A: A specialist has complete preference s in the event that she can think about any two articles. A…
Q: Your enterprising uncle opens a sandwich shop that employs 7 people. The employees are paid $6 per…
A: In economics and in particular neoclassical economics, the marginal product or marginal physical…
Q: The information below sets out the estimated market shares for the cellular phone manufacturing…
A: Herfindahl- Hirschman index is used to measure competition in the market.
Q: keep a Renewable Term policy active, the insured must do which of the following? A. Submit a renewal…
A: Renewalable term insurance can offer monetary insurances long before a significant individual…
Q: A firm has the production function F(L, K) = 2 min{L, 10K7 . The current input level is (L, K) =…
A: (Q) A firm has the production function F(L, K) = 2 min{L, 10K} . The current input level is (L, K) =…
Q: In 1950, Congress raised the federal minimum wage to seventy-five cents ($0.75) per hour. The CPI in…
A: Consumer price index is one of the measures to calculate inflation.
Q: and quantities are measured in hundreds of moviegoers. Modern Multiplex has a per-customer cost of…
A: In a problem of game theory, all the players are assumed to be rational. The actions of each of the…
Q: Suggest solutions to the limitations of the Efficiency Wage Model.
A: The idea of the efficiency wage theory is that increasing wages can lead to increased labour…
Q: What is the annual interest rate if a $15,000 investment receives $365 in 4 months?
A: Annual interest rate is the interest rate which is received on an investment annually.
Q: Please define in your own words the following terms: contractual savings institution, hedge fund,…
A: Contractual savings institutions: The contractual savings institutions are those that generally keep…
Q: Consider a company whose long run total cost function is TC= 200q -20q^2 +q^3 and whose marginal…
A: MC cuts intersect ATC at its minimum point. So, at MC = ATC we get the quantity level at which ATC…
Q: If the Fed's recent contractionary monetary policy causing rise in interest rates, what is the most…
A: The velocity of money measures how many times a unit of currency is exchanged in the economy. The…
Q: e. Generalize your result using parameters a and c: Demand and cost are: P = a - Q1 - Q2 TC1 = cQ1…
A: Introduction We have given a cournot duopoly market. Here are two firms in the market. Both will…
Q: In class, we use the dollar-euro exchange rate, Es/e to graph foreign exchange equilibrium. Let's…
A: Given information Expected future exchange rate Ee ¥/$=120 R ¥=0.001--- Rate of return on Yen…
Q: Connor produces and sells Thirium (a type of mineral). When Connor produces 10 containers of…
A: Marginal cost refers to additional cost incurred due to one more unit of output of produced.
Q: The cost of making transactions using decentralized cryptocurrencies is currently much higher than…
A: When talking about decentralized cryptocurrencies, it can be said that these are the digital…
Q: Question 35 Classical Growth theory predicts that O aggregate income always returns to the…
A: Question 35) "Classical growth theory's fundamental principle is that the economy is…
Q: in these large firms. Some economists observe that higher profit rates in large oligopolies stem…
A: Circular flow of income consists two agents household and firms and two markets one is resource…
Q: A country observes that its currency is gaining nominal value in the foreign exchange market. All…
A: Here, it is given that the currency of a country appreciates in the foreign exchange market as the…
Q: QUESTION 2 Which of the following is NOT a potential explanation for involuntary unemployment?…
A: In an economy, involuntary unemployment refers to the situation when an individual actually wants to…
Q: Which answer about the amount of the group life death benefit that the beneficiary must disclose for…
A: The death benefit received by the beneficiary of a life insurance policy is not taxable income, and…
Q: Macroeconomists would suggest that an economy experiencing high unemployment should adopt policies…
A: Macroeconomists deals with national issues like unemployment, GDP and Inflation
Q: H applied for a individual major medical policy. When H filed a claim within the first year of…
A: In the insurance market, there are different forms of insurances, based on different requirements of…
Q: Consider the following data on the X-product: a) What was the growth rate of nominal GDP between…
A: Year Price of X Q of X Nominal GDP GDP Deflator (Base year 2005) 2010 11.50 105000 125 2011…
Q: An automobile tire manufacturer collected the data in the table relating tire pressure x (in pounds…
A: Answer: Given, x Mileage f(x) 28 43 44 30 51 51.9 32 56 55.1 34 50 53.5 36 47 47.3…
Q: please show all calculations Draw a budget line with good X on the x-axis and Good Y on the Y axis.…
A: The income effect happens when a price change affects a consumer's real income, whereas the…
Q: Draw a budget line with good X on the x-axis and Good Y on the Y axis. Graphically illustrate the…
A: Price effect is basically a term that is used to describe the change in the demand preference of a…
Q: Two oligopolistic firms have to decide on the pricing strategy. Each can either choose either a high…
A: Dominant strategy is a strategy that gives maximum payoff to a player irrespective of what other…
Q: Consider the Scenario given below and attempt the questions that follow: COVID-19 Lockdown Price…
A: The covid-19 outbreak has been one of the most unfortunate events in human history. Such occurrences…
Q: 2. The Lorenz curve of a particular society is given by L(x) = Ax? + Bx. Suppose that the poorest…
A: A graphical depiction of the distribution of wealth or income across a population is known as a…
Q: Suggest solutions to the limitations of the Efficiency Wage Model
A: The efficiency wage theory proposes that raising wages will enhance labour productivity because…
Q: Someone who wants to buy a car can buy either a used car or a new car. According to the supply and…
A: Supply and demand are influenced by the various factors like Supply of goods is influenced by one…
Q: Problem 8. Compute the future worth in year 10 at i= 12% per year for the cash flow shown below.
A: Given cashflows for 10 years Future worth of each cashflow = cashflow * (1 + rate)^time total future…
Q: Q.16 Which of the following can decrease money supply? (i) Open Market Sale (ii) Open Market…
A: The central bank can regulate the money by using various tools. Monetary Policy includes all the…
Q: Spending funds obtained by borrowing instead of taxation. A. Merit Good B. Zero based Budgeting…
A: A fund is a collection of funds put aside for a certain purpose. A fund's money is often invested…
Q: A producer of coffee mugs notes that the price of mugs has risen over each of the past three years.…
A: Supply is defined as to the amount of a commodity that manufacturers are willing to make and sell in…
Q: Given the demand and supply function for a product as Q = 1500 - 3P (Demand) Q = 1100 + 2P…
A: Equilibrium is the oont where price and quantity is determined through market mechanism and…
Q: 10. The opportunity cost of making cupcakes is lowest at which point? a A 6. 8 d. A and C 11. The…
A: ANSWER IS GIVEN BELOW
Q: Suggest solutions to the four major weaknesses of the Search Theory of Unemployment.
A: In the mentioned question we have been asked about the major weakness of the search theory if…
Q: Explain why demand policies can only reduce unemployment below the natural rate in the short-run.
A:
Q: When the price of sugar was "low," consumers in the United States spent a total of $3 billion…
A: Elasticity of demand measures the responsiveness of quantity demanded with respect to change in…
Q: For each of the following monetary policy tools: A. The BSP buys securities in the open market. B.…
A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, I will be…
Q: Suppose that the demand and supply functions for a good are given as follows: Demand: 0-1080-7P…
A: Demand equation: Q = 1080 - 7P => P = (1080 - Q)/7 -----------> eq(1) --------------------…
Q: Below are some data from the productions of milk and honey. i) Compute nominal GDP, real GDP, and…
A: The total value of the goods and services generated in an economy over a predetermined amount of…
Q: The country's current account in its balance of payments shows A. the difference between the…
A: Balance of payment keeps the record of economic transactions of an economy with the rest of the…
Q: Vith reference to the graph, explain the welfare implications of a monopoly versus firms in a…
A: When comparing monopoly and perfectly competitive market, it can be said that both the markets give…
Answer and explain your choices. My last attempt. I will rate with multiple votes.
Step by step
Solved in 2 steps
- How can high-income countries benefit from covering much of the cost of reducing pollution created by low-income countries?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?What is a pollution charge and what incentive does it provide for a firm to take external costs into account?
- As the extent of environmental protection expands, would you expect the marginal benefits of environmental protection to rise or fall? Why or why not?The rows in Table 12.7 show three market-oriented tools for reducing pollution. The columns of the table show three complaints about command-and-control regulation. Fill in the table by stating briefly how each market-oriented tool addresses each of the three concerns.A country called Sherwood is very heavily covered with a forest of 50,000 trees. There are proposals to clear some of Sherwoods forest and grow com, but obtaining this additional economic output will have an environmental cost from reducing the number of trees. Table 12.11 shows possible combinations of economic output and environmental protection. Sketch a graph of a production possibility frontier with environmental quality on the horizontal axis, measured by the number of trees, and the quantity of economic output, measured in corn, on the vertical axis. Which choices display productive efficiency? How can you tell? Which choices show allocative efficiency? How can you tell? In the choice between T and R, decide which one is better. Why? In the choice between T and S, can you say which one is better, and why? If you had to guess, which choice would you think is more likely to represent a command-and-control environmental policy and which choice is more likely to represent a market-oriented environmental policy, choice Q or S? Why?
- Refer to Table 12.2. The externality created by the refrigerator production was 100. However, once we accounted for both the private and additional external costs, the market price increased by only 50. If the external costs were 100 why did the price only increase by 50 when we accounted for all costs?Suppose a city releases 16 million gallons of raw sewage into a nearby lake. Table 12.8 shows the total costs of cleaning up the sewage to different levels, together with the total benefits of doing so. (Benefits include environmental, recreational, health, and industrial benefits.) Using the information in Table 12.8, calculate the marginal costs and marginal benefits of reducing sewage emissions for this city. See Production, Costs and Industry Structure if you need a refresher on how to calculate marginal costs. What is the optimal level of sewage for this city? Why not just pass a law that films can emit zero sewage? After all, the total benefits of zero emissions exceed the total costs.Consider two approaches to reducing emissions of CO2 into the environment from manufacturing industries in the United States. In the first approach, the U.S. government makes it a policy to use only predetermined technologies. In the second approach, the U.S. government determines which technologies are cleaner and subsidizes their use. Of the two approaches, which is the command-and-control policy?
- 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…The following companies all manufacture widgets and dump tons of glop into the air. Current contribution to overall pollution Manufacturer Polluters-r-us Smog brothers inc Costs to clean up 1 ton of glop $70 $100 $30 200 200 200 Really dirty industries The government wants to halve total pollution but does not know how much it will cost each company. Determine the total cost of the cleanup if the government employs a tradable permit scheme in which it gives the same amount of permits to each manufacturer at no cost.The table below shows the demand for pollution permits to emit hydrocarbons in a particular industrial park. Each permit allows the owner to release one tonne of pollutants into the atmosphere. Price perPollution Permit Quantity of Permits $4,500 75 4,000 150 3,500 225 3,000 300 2,500 375 2,000 450 1,500 525 a. If no fee for a pollution permit were charged, how many tonnes of pollutants would be discharged into the atmosphere, assuming a straight-line demand curve? Quantity: tonnesb. Suppose government were to set a fee of $3,500 per pollution permit. How many tonnes of pollutants would now be dumped? What is the total revenue received by government? Quantity: tonnes Total revenue: $ c. Suppose that a new technology allows for a significant reduction in hydrocarbons at a relatively low cost so that the demand for pollution permits in the industrial park drops by 150 tonnes. Assuming that government holds the permit fee at $3,500, how many tonnes of…