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Wascana Chemicals produces paint and emits sulphur dioxide during production. However, the Ministry of Environment mandates all paint firms to reduce emissions. Answer the questions below using the given equations for marginal benefit of reducing and marginal cost of reducing emission:
MB = 3000 - E
MC = 2E
a) Determine the efficient level of abatement.
b) Show on a graph of marginal benefit and marginal cost.
c) If the Ministry of Environment mandates a minimum abatement level of 1700, show the effect on your graph.
d) Do you think the Ministry?s abatement level is efficient? Why/Why not?
Janice is a 39-year-old widow with 4 children: Alex at 19, Abigail at 16, Anthony at 13, and Alice at 10. Janice currently receives Social Security Survivor benefits but, given her age, she will spend some time in the blackout period. Given this info..
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You deposit $3,000 in a savings account that earns 8% simple interest per year. How many years will it take to double your balance? If, instead, you deposit the $3,000 in another savings account that earns 7% interest compounded yearly, how many year..
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Referring to distributed computer architecture, please write on "Firewalls", and in particular, how it addresses the following questions.
If "free trade" (or correctly called "global investor rights agreements")advantages richer nation corporations to the disadvantage of poorer nation firms, is this a new form of "protectionism"? Explain why or why not.
Assume that Mayor DeBlasio has decided to increase the rent on rent-controlled/ stabilized apartments as a way to increase the number of apartments available for rent in New York City. Do you expect the elasticity of supply to influence the success o..
If you accept the offer calculate resulting profit. Also, calculate the optimal level of output (meter dug) and the level of labor usage.
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