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Suppose two utilities, People's Electric and Municipal Energy, each produce 100 tons of pollution per year. The government has a goal of eliminating half the pollution, and in turn, provides 50 pollution permits to each utility. A pollution permit is required to legally produce a ton of pollution. However, the two utilities are allowed to trade permits. Suppose the cost of eliminating one ton of pollution for People's Electric is $500 and the cost of eliminating a ton of pollution for Municipal Energy is $450. What is the total cost of each utility eliminating 50 tons of pollution?
1. Trade of goods and services between countries - exports and imports - plunged during the Great Depression. How did this collapse in international trade generally affect domestic economies of individual nations? Use the circular flow model to ex..
A company must decide whether to buy Machine A or Machine B.Machine A:Initial Cost: 10,000
1. Explain whether the following statements are true or false. a. The marginal rate of substitution diminishes as an individual moves downward along the demand curve.
Suppose the French suddenly develop a strong taste for California wines. Answer the Following with words and a Diagram:
The consumption taxes the government collects in a given period are not restricted to be levied on consumption from only in that period.
The government imposes a fixed fee per year on each firm operating in a competitive market.
Write a bash script called gender.sh which takes one argument - a name. The script should print "female" if the word appears in the file /usr/local/linuxgym-data/census/femalenames.txt, and "male" otherwise.
markets often can and do fail to deliver efficiency, equity or both. The most common claims of such apologists about the failure of markets to deliver efficiency or equity are (1) monopoly power, (2) externalities, (3) information asymmetry, and (..
What is the profit-maximizing price to charge a Texan for a car wash? What is the profit-maximizing price to charge a Californian for a car wash?
Explain why does the US steel industry want a tariff on imported steel. Show the US steel market with and without a tariff, showing graphically why they will like a tariff.
According to a study, the price elasticity of shoes in the United States is 0.7 and the income elasticity is 0.9a. Would you suggest that the Brown Shoe Company cut its prices to increase its revenue b. What would be expected to happen to the total q..
a firm in a market characterized by many buyers and one seller. MC represents the initial marginal cost, MR the initial marginal revenue, and D the initial demand curve of the firm in equilibrium.
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