Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Determine the Cost Efficient Levels of Emissions Reduction
Two firms produce a pollutant called Q. The total cost of reducing emissions of Q are as follows for Firm 1 and Firm 2, respectively:
TC1=10+100Q12
TC2=20 + 50Q22.
This means that the marginal costs of reducing emissions of Q are as follows for Firm1 and Firm2, respectively:
MC1=200Q1
MC2=100Q2.
A. Suppose that a regulator has determined that total emissions of Q must be reduced by 21 units. Determine the cost efficient levels of emissions reduction that should be undertaken by Firm1 and Firm2. Remember that the equimarginal principle requires that marginal costs be equated across the two polluters for emissions reduction costs to be minimized.
B. Suppose that, instead of the cost efficient levels of emissions reduction, the regulator orders that emissions be reduced by 10.5 units for each firm (21 units total). How much more will this allocation of emissions reductions cost, compared to the cost efficient levels?
C. Your correct answer in A is the cost efficient allocation of emissions reduction. What else would you have to know in order to determine whether or not this is an efficient level of emissions reduction?
analyse the method by which a firm can allocate the given advertising budget between different media advertisement?
Illustrate the measurement of inputs and outputs in production technology? Measurement of Inputs and Outputs in Production Technology This is generally most satisfactory to
The Market for Pool Rafts The market for pool rafts in Playa del Largarto is competitive and includes no transaction costs. Five suppliers are willing to sell pool rafts in P
schedule and diagram of iso cost
Consider a hypothetical ABC economy in which the narrowly-defined measure of the money supply (M1), as defined in the Canadian sense, in existence is 1250$ million. Assuming the e
Explain the meaning of the statment "coffee and tea are close substitutes".
I wont final Exam
critically evaluate the two main utility theories
Suppose that there are n bidders whose valuations vis are drawn independently and identically from the distribution F over [0, ?]. Describe and derive the symmetric , monotonic equ
Externalities: Many economic activities have collateral effects (at times positive, but more often negative) on other people who aren't directly involved in that activity. Illustra
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd