Should the government set a goal of reducing marginal cost

Assignment Help Microeconomics
Reference no: EM13239477

Explain the difference between fixed-production technology and variable-production technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology? Should they do so in industries with variable technology?

Reference no: EM13239477

Questions Cloud

Explain clausius-clapeyron equation to estimate the enthalpy : The equilibrium vapor pressure of liquid hydrogen at 16 K is 0.213 bar. The standard (1 bar) boiling point is 20.3 K. Use the Clausius-Clapeyron equation to estimate the enthalpy of vaporization of hydrogen
What price will us monopoly charge in both markets : A monopoly sells its good in the U.S. and Japanese markets. The American inverse demand function is pA=100-Qa, and the Japanese inverse demand function is p1=80-2QJ, where both prices, pA and pJ, are measured in dollars.
Jewish tradition understands straight continuity : Jewish tradition understands a straight continuity between Ezra and the rabbis of the Talmud. More recent scholars have spoken about the emergence of a new religious movement.
Define what volume of solution of sodium chloride additive : What volume (in mL) of 0.583 M solution of sodium chloride can be made from 48.3 mL of a 1.88 M solution? Assume the volumes are additive
Should the government set a goal of reducing marginal cost : Explain the difference between fixed-production technology and variable-production technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology
Allowed themistocles to build a large navy : What did the Athenians discover that allowed Themistocles to build a large navy? What did Themistocles say that the Delphian Oracle meant by the "wooden wall" in its prophecy?
Explain how would prepare the buffer solution : Describe how you would prepare the above buffer solution if you only had NaH2PO4, and a solution of NaOH. What other equipment would you need?
Which marginal productivity would be higherat current job : the possibility that employer-provided health insurance reduces job mobility-a phenomenon that has been termed job lock. Job lock prevents workers from transitioning to jobs in which their marginal productivity would be higher
What is the speed of b relative to a : Two cars, A and B, travel in the same direction on a straight section of highway. A has a speed of 72.0 km/h, What is the speed of B relative to A

Reviews

Write a Review

Microeconomics Questions & Answers

  How to prepare a vertical analysis of the balance sheet data

Total liabilities and stockholders' equity $200,000 $210,000 Instructions (a) Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011 as a base. (b) Prepare a vertical analysis of the balance sheet data for Conard Co..

  Reduction in the price of the firms product

The firm's president concurs with the opinion of the executive vice-president and As the head of marketing you respond with a memo pointing out that the price elasticity of demand for the firm's product is about -0.5. Why is this fact relevant?

  Determining maximum amount of profit

What is the profit-maximizing price of carpets? What is the maximum amount of profit that the firm can earn selling carpets?

  Impact of a decrease in the price of memory chips

The impact of a decrease in the price of memory chips on the market for computers and impact of the government imposing a price ceiling on apartment rents

  How optimal firm behavior will lead to substitution effects

Make sure response explains how optimal firm behavior will lead to scale and substitution effects. Also explain the importance of the diminishing marginal returns assumption. also please try to explain as much as you can the more explainations the..

  Explain demand for gasoline in a competitive market

What effect should each of the following have on the demand for gasoline in a competitive market? State what happens to demand. Explain your reasoning in each case and relate it to a demand determinant. (a) an increase in the number of cars (b) ..

  Why the former refer to non-expenditure costs

Implicit and explicit costs are different in that: implicit costs are opportunity costs; explicit costs are not. explicit costs are opportunity costs; implicit costs are not. the latter refer to non-expenditure costs and the former to monetary pay..

  How does this impact his production possibility frontier

In Kessy's old kitchen, he could bake 10 cookies or mix 15 glasses of lemonade in one day. Now Kessy has a larger oven and refrigerator. How does this impact his production possibility frontier A) It increases his production possibility frontier. B..

  What kinds of all-or-nothing thinking have you detected

1. Do you agree with the necessity for autonomy as defined by the cognitive theorists Why or why not 2. What kinds of all-or-nothing thinking have you detected in yourself? How will you stop it

  Should laptop producers be happy or sad about technological

Ipads and laptops are substitutes. Use a supply and demand to show what happens to price, quantity, consumer surplus, and producer surplus in the market for laptops (after a technological advance has reduced the cost of making Ipads).

  What affect the banks that lent the money

Is the real interest rate on this loan higher or lower than expected? Does the lender gain or lose from this unexpectedly high inflation? Does the borrower gain or lose from this unexpectedly high inflation?

  Regulatory effect on equilibrium

Consider an electricity market with a daytime (peak-period) inverse demand of P=160-Q, and a nighttime (off-peak) inverse demand P=80-Q, where P is the price of electricity and Q is units of electricity.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd