Economics Today: The Micro View (19th Edition) (Pearson Series in Economics)
19th Edition
ISBN: 9780134479255
Author: Roger LeRoy Miller
Publisher: PEARSON
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Textbook Question
Chapter 31, Problem 1FCT
What would be the appropriate change in the U. S degree of plastic-waste cleanliness if the marginal cost of pollution abatement is higher than the associated marginal benefit?
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Explain why cost-effective pollution abatement is not necessarily equitable in 2-3 sentences.
What is the main rationale behind marketable
pollution permits?
The primary source of air pollution in the small town of Smokey, Nevada is a nearby steel mill. The local environmental agency has decided that the mill needs to reduce its emissions because the town's
population is located directly downwind from it. Currently the agency is considering three different approaches to reducing pollution from the mill: a technology standard, an emission standard and an
emission tax.
Why might the owner of the mill prefer an emission standard to a technology standard that would produce the same level of emissions?
a
Because with emission standards the polluter is more flexible in selecting the technology that will minimize her abatement cost
Ob. Because polluters usually try to stick to their existing technology
O C. Because it has been proven to be easier to implement
O d. Because polluters, as all producers are suspicious about new technologies
Chapter 31 Solutions
Economics Today: The Micro View (19th Edition) (Pearson Series in Economics)
Ch. 31 - Prob. 31.1LOCh. 31 - Prob. 31.2LOCh. 31 - Prob. 31.3LOCh. 31 - Prob. 31.4LOCh. 31 - Prob. AFCTCh. 31 - Prob. BFCTCh. 31 - Prob. CFCTCh. 31 - Prob. 1CTQCh. 31 - Prob. 2CTQCh. 31 - What would be the appropriate change in the U. S...
Ch. 31 - Prob. 2FCTCh. 31 - Prob. 1PCh. 31 - Prob. 2PCh. 31 - Prob. 3PCh. 31 - Prob. 4PCh. 31 - Prob. 5PCh. 31 - Prob. 6PCh. 31 - Prob. 7PCh. 31 - Prob. 8PCh. 31 - Prob. 9PCh. 31 - Prob. 10PCh. 31 - Prob. 11PCh. 31 - Prob. 12PCh. 31 - Take a look at Figure 31-2. Suppose that initially...Ch. 31 - Prob. 14PCh. 31 - Prob. 15PCh. 31 - Prob. 16P
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- Is zero pollution possible under a marketable permits system? Why or why not?arrow_forwardWhat are the costs of pollution according to the Lancet Commission on pollution and health? Why are those numbers likely to be an underestimate? Explain.arrow_forwardWhat is an environmental pollutionarrow_forward
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