Microeconomics
21st Edition
ISBN: 9781259915727
Author: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn Dr.
Publisher: McGraw-Hill Education
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Chapter 24, Problem 17DQ
To determine
Main objections to the PPACA
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The diagram below shows the marginal costs of pollution abatement for two firms, Firm 1
and Firm 2.
Dollars
60
50
40
30
20
10
0
Firm 1
FIGURE 17-5
MC₁
li lz ls ls ls lo l
Abatement
Dollars
60
50
40
30
20
10
0
Firm 2
MC₂
li z ls ls ls Q6 Q7
Abatement
Refer to Figure 17-5. Suppose Firm 1 and Firm 2 are each abating Q3 units of
pollution. If the government imposed an emissions tax of $40 per unit of emissions,
OA) each firm would abate to the same level.
B)
Firm 2 would increase abatement beyond Q3 and Firm 1 would abate less
than Q3.
C) each firm would abate to Q3.
D) the level of pollution would be optimal.
E)
Firm 1 would increase abatement beyond Q3 and Firm 2 would abate less than
Q3.
4 l 51% a
12:02 O
Worksheet (25%)
Suppose that the governrnent irmposes a tax oni cigarettes.
Use the diagram below to answer the questions D is the
demand curve before tax S is the supply curve before tax and
S is the supply curve after the tax.
Price
18
12
10
10 12
Qua
(a) For the market for cigarettes without the tax indicate:
()
Price paid by consumers
(1i)
Price paid by producers
()
Quantity of cigarettes sold
(iv)
Buyer's reservation price
possible
Submit c
The figure on the right shows the costs and benefits associated with wood pulp
production. Without regulation the market will produce
a price of
Price (dollars per ton)
tons of wood pulp at
per ton.
1,100
MSC
O A. 5; $700
1,000
O B. 3; $600
900
O C. 5; $1,100
800
O D. 3; $900
S=MC
O E. 4; $900
700
600
D=MB
500
2
4.
4
Quantity (tons per week)
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Chapter 24 Solutions
Microeconomics
Ch. 24 - Prob. 1DQCh. 24 - Prob. 2DQCh. 24 - Prob. 3DQCh. 24 - Prob. 4DQCh. 24 - Prob. 5DQCh. 24 - Prob. 6DQCh. 24 - Prob. 7DQCh. 24 - Prob. 8DQCh. 24 - Prob. 9DQCh. 24 - Prob. 10DQ
Ch. 24 - Prob. 11DQCh. 24 - Prob. 12DQCh. 24 - Prob. 13DQCh. 24 - Prob. 14DQCh. 24 - Prob. 15DQCh. 24 - Prob. 16DQCh. 24 - Prob. 17DQCh. 24 - Prob. 18DQCh. 24 - Prob. 1RQCh. 24 - Prob. 2RQCh. 24 - Prob. 3RQCh. 24 - Prob. 4RQCh. 24 - Prob. 5RQCh. 24 - Prob. 6RQCh. 24 - Prob. 7RQCh. 24 - Prob. 1PCh. 24 - Prob. 2PCh. 24 - Prob. 3P
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