Two factories together have marginal abatement cost equal

Assignment Help Microeconomics
Reference no: EM13692487

Two factories together have marginal abatement cost equal to MACT = 750 - 6eT, where e1 + e2 = eT. The undesirable pollutant imposes a cost on the residents of society and this is given by the marginal damage cost MD= 4eT. Enter a whole number in each blank. The efficient level of emissions is equal to ________. The total cost of reducing emissions to the efficient level is $_______. The total benefit of reducing emissions to the efficient level is $________. The net benefit of reducing emissions to the efficient level is $___________.

Reference no: EM13692487

Questions Cloud

Economic analyses of clinical and administrative innovations : Why have economic analyses of clinical and administrative innovations become more important? What does it mean to have market power? Are firms with market power extremely profitable? Why might banning advertising drive up prices?
Money is still useful during times of inflation because : Money is still useful during times of inflation because, the opportunity cost of holding a dollar is, The money supply is
Discovered a new method of milk extraction : An agricultural engineer from Nebraska has discovered a new method of milk extraction that causes less swelling to a cow's udders, and therefore each cow has a faster recovery time between milkings.
What is the market equilibrium and price : There exists 10,000 firms in a market each with MC curve MC=2q. Where Q = quantity of production (of the firm). Assume aggregate demand is 20,000 and independent of price. What is the market equilibrium and price?
Two factories together have marginal abatement cost equal : Two factories together have marginal abatement cost equal to MACT = 750 - 6eT, where e1 + e2 = eT. The undesirable pollutant imposes a cost on the residents of society and this is given by the marginal damage cost MD= 4eT.
Currently emitting some undesirable pollutant into the air : Suppose there are two factories that are currently emitting some undesirable pollutant into the air. Factory one has marginal abatement cost of MAC1 = 500 - 5e1 and factory two has marginal abatement cost of MAC2 = 1500 - 15e2, where e represents the..
A major element of the concepts of inflation and deflation : A major element of the concepts of inflation and deflation is
The demand for euros by americans is also : The demand for euros by Americans is also
What is the accounting and economic profit : Mark resigns from his job as a head chef in a famous restaurant where he earned $70,000 per year to open his own restaurant last year. He withdrew $50,000 of his own savings that had been earning 4% interest and borrowed another $100,000 from the ban..

Reviews

Write a Review

Microeconomics Questions & Answers

  Find out the trade balance between us and china for most

visit the u.s. government web site httpwww.export.govtradedataindex.aspgo to the importexport data link. find

  Create the statement showing incremental cash flows for

a manufacturing company is thinking of launching a new product. the company expects to sell 950000 of the new product

  Write a sentence stating the optimal solution for each of

a buyer for a large department store chain must place orders with an athletic shoe manufacturer six months prior to the

  There is some uncertainty about auction design which will

your company is bidding for a broadband spectrum license. you have been asked to submit an optimal bidding strategy.

  A hurricane in south carolina damages the cotton crop

A hurricane in South Carolina damages the cotton crop.

  Write down interest parity condition as viewed by investor

Suppose that the return on domestic bonds held by foreigners in country i are subsidized at the rate s and that returns on domestic bonds held by residents of country j are taxed at the rate.

  Accused of monopoly behavior

You work for the company that is being accused of monopoly behavior, given its large size. Comparisons are made to the industry standard, where each establishment has on average about 15.1 employees.

  What happen to aggregate output and price level in each case

Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both. Which curve shifts, and in which direction What happens to aggregate output and the price level in..

  Determine the increase in total spending

"A shift outward in the demand curve always results in an increase in total spending (price times quantity) in a good. On the other hand, a shift outward in the supply curve may increase or decrease total spending."

  1 describe the difference between ldquomoney marketrdquo

1 describe the difference between ldquomoney marketrdquo debt instruments and ldquocapital marketrdquo debt instruments

  Supply and demand schedule for pizza

Graph the supply and demand schedule for pizza using $5 through $15 as the value of p. In equilibrium, how many pizzas would be sold at what price?

  Explain two economic examples of issues which affect the

there are many reasons for changes to be made to our plans to reach our goals in life. in this instance consider how

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