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Two identical firms save money from polluting. A firm’s marginal saving from emitting an amount e are given by 10-2e. The two firms differ in their impact on ambient pollution concentrations. Two units of emission from firm 1 result in one unit of ambient pollution. Firm 2 has twice the impact on the ambient environment from the same amount of emissions. (at least 200 words total)
a. What are the transfer coefficients for each of the two firms?
b. If firm 1 is given two emission permits and firm 2 is given four emission permits and they are allowed to trade, how many permits will each firm end up with and what will be the price?
c. If instead each firm is given two ambient pollution permits and trading takes place, how much will each form end up emitting and what will, be the permit price?
There seems to be some evidence supporting the idea of a political business cycle. That is, the economy tends to experience particularly fast growth just prior to elections and slower growth or recessions some time after elections. Use the AD/AS mode..
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Kwok and Tadesse (2006) indicate that MNCs act as an agent to change a host country’s institutions and therefore help to lower incidences of corruption. Explain why MNCs often attempt to change host country institutions incidences instead of just pay..
What are the force and torque experienced by a system having a total dipole moment equal to 10?7 Cm in the negative z-direction?
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What is one cited reason why healthcare expenditures are so high in the United States? Medicare and Medicaid reduce the supply of medical care.
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You have been hired by a consulting firm that advises a country on monetary and fiscal policy matters. Your assignment is to develop monetary policy options for the country. The country explicitly states that its long-run inflation target is 2%.
A new engineer is evaluating whether to use a higher voltage transmission line. It will cost $250,000 more initially, but it will reduce transmission losses. The optimistic, most likely, and pessimistic projections for annual savings are $20,000, $15..
In the USA buying and selling of human organs is illegal. Those who need organs cannot buy organs from the market and those who donate organs cannot sell their organs. We also know that lot more people are waiting for organs than the number of human ..
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