User Account

All Pages

Byproduct of production

Assignment Help Business Management
Reference no: EM131277937

A number of paper companies dump sewage into a local river as a byproduct of production. The resulting environmental damage incurs a social cost of 60 cents per ream of paper that is produced. Suppose marginal cost function for the paper companies is given by MC = .01Q, while the demand curve for paper is given by Q = 1200 - 200P.

a. Solve for the social marginal cost function (that is, the function that takes into account the private marginal cost of production and the social cost of the externality).

b. What are the total costs of production (including the cost due to environmental damage) at the unregulated equilibrium quantity of 400?

c. What size tax would induce the firms to cut back to the socially optimal quantity of 360?

Reference no: EM131277937

Questions Cloud

What is the solution if the or gates are changed to nor gate : Draw a Karnaugh map and assign variables to the inputs of the OR-XOR circuit in Figure X4.54 so that its output is F = Σw,x,v,z(2, 3, 8, 9). What is the solution if the OR gates are changed to NOR gates? ote that the output gate is a 2-input XOR r..
What are competitive currency devaluations : What are competitive currency devaluations? What triggered them in 2003?-  What mechanisms are used to create competitive devaluations?
Hire the profit-maximizing amount of labor : a) What rule should this company follow to hire the profit-maximizing amount of labor? b) At the profit-maximizing level of output, the marginal product of the last worker is 30 boxes of pencils per day. Calculate the price of a box of pencils.
Calculate the eoq and total annual cost for order quantity : Calculate the annual holding cost plus the annual ordering cost to get the total annual cost when using an order quantity of 200 boxes. Calculate the EOQ and the total annual cost for this order quantity.
Byproduct of production : A number of paper companies dump sewage into a local river as a byproduct of production. The resulting environmental damage incurs a social cost of 60 cents per ream of paper that is produced. Suppose marginal cost function for the paper companies..
Why higher pound interest rates send sterling even higher : Explain the differing initial and subsequent reactions of the euro to news about the European Central Bank's monetary policy.
Good economic indicator of the stock market : Why is Dow Jones not a good economic indicator of the stock market compared to S&P 500?
How might the output behavior of a real xnor gate differ : From the point of view of switching algebra, what is the function of a 2-input XNOR gate whose inputs are tied together? How might the output behavior of a real XNOR gate differ?
Discuss the pros and cons for britains joining the emu : Discuss the pros and cons for Britain's joining the EMU.-  How would these factors likely affect Britain's economic costs and benefits of adopting the euro?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd