Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
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Question
Chapter 9, Problem 10P
(a)
To determine
Whether the fireworks display be offered or not.
(b)
To determine
Whether any individual will display on their own or not.
(c)
To determine
The number of people who will vote to display if each person is taxed at $20.
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An important question in economics is how to minimize the total cost of pollution reduction (called
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reduce its pollution to a given value x. Due to technology differences, is more expensive for Fim
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The table also shows an algebraic formula for each abatement cost. (BTW, it is a common
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Below, we solve this for two firms, but the method is applicable to a situation with multiple firms.
Per-firm pollution emissions x
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1.
3.
4.
9.
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8.
6.
10
100
81…
Chapter 9 Solutions
Microeconomics (2nd Edition) (Pearson Series in Economics)
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