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Assume for simplicity that there are two identified point sources discharging chemical wastes into a local water body. Currently, each source releases 30 units of effluent, for a total of 60 units. To
a. Suppose the government allocates the abatement responsibility equally across the two point sources so that each must abate 15 units of effluent. Graphically illustrate this policy, and explain why this abatement allocation does not yield a cost-effective solution. Support your answer numerically.
b. What cost condition is required for the government's abatement allocation to be cost- effective?
c. Suppose that instead of using an abatement standard, the government institutes an effluent fee of $40 per unit of pollution. How many units of pollution would each point source abate? Is the $40 fee a cost-effective strategy for meeting the 30-unit abatement standard? Explain.
the charlotte bobcats a professional basketball team has been offered the opportunity to purchase the contract of an
1. It is a comon argument in the UK that soccer (football) ticket prices are 'too high'. Provide an analysis of this with respect to economic efficiency considerations as opposed to it just being a consumer complaint.
Brief history of the automotive industry, an automotive industry overview, and a SWOTT (Strengths, Weaknesses, Opportunities, Threats, and Trends) analysis of the automotive industry.
Colombia's current worth and cash flows and Colombia's FDI strategy (economic growth stategy)
Manning only consumes goods X and Y. His marginal utility from consuming good X is 4, and his marginal utility from consuming good Y is 5. If the price of X is $6, the price of Y is $8, and Manning's income is $48, how much of good X will he purchase..
In view of the weak economy of the last several years, describe which of the four components of GDP had, or is having, the greatest positive impact in our economy.
Determine and graph the effects of the tariff on the following: (1) the price of wheat in each country; (2) the quantity of wheat supplied and demanded in each country; (3) the volume of trade.
Determine the effect of an raise in the quantity of money and find the difference between real variables and nominal variables? Are these variables affected through the quantity of money?
The demand curve for gardeners is Ed = 39 - 2w, where E = the number of gardeners, and w = the hourly wage. The supply curve is Es= 4 + 3w. What is the equilibrium wage and equilibrium number of gardeners hired? How much does the government receive a..
discuss the risk importer exporter lms and how to overcome it in each of the following economic conditions fluctuations
Illustrate a monopolistically competitive firm in a long-run equilibrium? If yes, explain why. If no, explain why not and redraw the diagram so that it is a long-run equilibrium.
Would you expect multicollinearity in such models and why and If collinearity is expected, how would you resolve the problem?
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