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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?
Explain how you would create a government program that would give an incentive for labor to increase hours and keep labor from falling into the poverty trap. To reduce income inequality, should the marginal tax rates on the top 1% be increased?
Some people will argue against using either monetary or fiscal policy, instead supporting a laissez-faire approach to the economy. The well-known economist Milton Friedman, for example, believed in the permanent income hypothesis and was also a monet..
q1. assume that the autarky charge of commodity x is 10 in nation a 8 in nation b as well as 6 in nation c as well as
Illustrate the use the orange points square symbols to plot the portion of the supply curve that corresponds to prices where there is positive output.
(a) Basing your calculation on simple interest and giving your answer correct to four significant figures, calculate the annual rate of rate of interest paid to Barbara. (b) State your answer in (a) rounded to three significant figures.
While purchasing _____ an individual whose cost of time is low will visit a larger number of dealers compared to the individual whose cost of time is high.
Which of the following might describe the behavior of a firm's cost in the short run? If the MPL rises over a particular range of output, then over that range ____. Whenever the marginal cost curve lies above the average total cost curve, an increase..
Assume that an open economy Neverland is operating under a fixed exchange rate regime. Currently, Neverland’s economy is suffering a deep economic recession meaning that Neverland’s total output level is much lower than its medium-run output level.
Describe schizophrenia, anxiety disorders, eating disorders, and personality disorders and how these disorders may be manifested during adolescence. Why is it important for you to understand and be able to identify these disorders in your roles as a ..
Critically compare and contrast the policy approaches of TSCA and FIFRA. In your view, which of these is more effective in preventing pollution? Explain.
Which is more economical, a plant with a payroll of $400 a week, with $100 of overhead, and with an output of 100 units per week, or a plant with a payroll of $80,000 a week, an overhead of $100,000 a week, and an output of 50,000 units per week? How..
Recent changes in corporate governance driven by Sarbanes-Oxley legislation and new regulations promulgated by t the SEC. What is the intended impact on corporate behavior and ethics and what are the prospects for success?
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