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The Pristine River has two polluting firms on its banks. Acme Industrial and Creative Chemicals each dump 100 tons of glop into the river each year. The cost of reducing glop emissions per ton equals $75 for Acme and $225 for Creative. The local government wants to reduce OVERALL pollution from 200 tons down to 100 tons.
A) Typically, the government would not know the cost of pollution reduction for each firm. If the government decided to reach its overall goal by imposing IDENTICAL pollution reductions on the firms, calculate the reduction made by each firm, the cost of pollution reduction to each firm, and the total cost of pollution reduction to the firms together.
B) Now suppose the government no longer requires each firm to reduce pollution, but instead requires each firm to acquire pollution permits if it wants to pollute. If the current price of permits is $150 per ton, calculate the pollution reduction made by each firm, the cost of pollution reduction to each firm, and the total cost of pollution reduction. Is this an efficient method of pollution reduction? Explain.
The Madison location is the central headquarters for Badger Widgets. They have a full IT staff along with an established network infrastructure that includes Windows Server 2008 servers
Tomatoes grow well in Kansas. Why do the people of Kansas buy most of their tomatoes from Florida, Mexico, and California?
To accumulate 18,000 at the end of 7n years, a deposit of 5,000 is made at the end of the first 3n years and another deposit of 7,200 is made at the end of 5n years. Find v^n where v is taken from our normal actuarial notation and v>0
q1. on april 1 1996 taco bell the fast-food chain ran a full-page as in the new york times with this news in an effort
How did the Social Security system influence the size of budget deficit during 1985-2010? How will it influence the deficit during the next two decades? Why or why not?
Elucidate how each of the following would affect the demand schedule you derived.
Compute the percentage change in price and quantity (%ΔP, %ΔQd) by adding this one room. Calculate the Price Elasticity of Demand.
Select at least five (5) economic concepts covered in the first four weeks' readings, and discuss the primary manner in which these concepts impact the world of health care economics. Some examples of selected concepts are health demand and supply, e..
Illustrate what role did the policies of various governments play in the influencing the international expansion strategies of both McDonald's and Wal-Mart.
a tax imposed on imports is calleda tariffa quotaa comparative advantagean excise taxquestion 2this result proposes
Explain how your own current household budget, tastes and preferences, and future expectations determine how much of each of these products you purchase in a year. Describe the benefits (utility) you get from each product and service. Suppose the pri..
Suppose that two firms compete simultaneously in quantities. The inverse demand function is given by P = 12 - Q where Q = Q1 + Q2 is the sum of the quantities produced by firms 1 and 2 respectively. Assume also that these firms have NO COSTS. If firm..
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