Determine the effect of the pollution regulation

Assignment Help Business Economics
Reference no: EM132140738

In the course of producing its output, this firm causes pollution. The government passes a law that requires the firm to stop polluting, and the firm discovers that it can prevent the pollution by hiring 0.2 workers for every worker that is producing output. Let N denote the amount of labor in production. The total employment at the firm is 1.2N. Cost of hiring a production worker includes both his wage and the wage of the worker who cleans after him, hence is 1.2w. Determine the effect of the pollution regulation on the firms profit-maximizing choice of labor input.

Reference no: EM132140738

Questions Cloud

Determine the dollar amount of dividends that was paid : No additional shares of preferred stock were issued during fiscal years 2017&2018. Use information to determine the dollar amount of dividends that was paid
Review given comments related to DNP and PhD : The major difference between a Doctor of Nursing Practice (DNP) and a Doctor of Philosophy degree (PhD) is whether nurses translate research into practice.
Current market structure of the pharmaceutical industry : How would you describe the current market structure of the pharmaceutical industry?
Prepare the general journal entry for august : On August 1, 2018, Alpha Corp. declared 5% share dividends on its common stock, prepare the general journal entry (without explanation) for August 1, 2017
Determine the effect of the pollution regulation : Determine the effect of the pollution regulation on the firms profit-maximizing choice of labor input.
How would the stock market soars and americans wealth : How would the stock market soars and Americans wealth expands significantly affect the econmony, by analyzing in the SRAS-AD diagram
Describe the model minority image of asian americans : Describe the "model minority" image of Asian Americans and discuss its pros and cons. Is this image applicable to all Asian Americans?
Discuss about the need of progression or process improvement : For a specific focus of patient practice (e.g., acute care hospital, clinic, primary care, long-term care, home health), select a particular disease process.
Minimize the cost of the jackets : How many jackets should you make to minimize the cost of the jackets? How much would be the minimum cost?

Reviews

Write a Review

Business Economics Questions & Answers

  Appreciation of the chinese yuan will

If China has domestic assets of $50 billion, domestic liabilities of $100 billion, and $50 billion in foreign assets, a 10% appreciation of the Chinese yuan will:

  A monopoly or an individual maximizing their utility

Describe the concept of strategic interaction in game theory and how it differs from single agent or player games (e.g. a monopoly or an individual maximizing their utility)

  What level of output should you produce in the short run

You are a manager in a perfectly competitive market. The price in your market is $35. Your total cost curve is C(Q) = 10 +2Q +.5(Q^2). What level of output should you produce in the short run? What price should you charge in the short run? Will you m..

  Why trade barriers have come down in recent decades

Explain how and why trade barriers have come down in recent decades. List the reasons why our trade deficit has grown so quickly since the mid-1990s. What can we do to help bring it down? Explain how international trade (exports and imports) affects ..

  Explain approach of the sherman anti-trust act

The world becomes a single market, some new approach must be developed to control the reach of the corporate oligopolies.

  Introducing communication principles

Discuss how communication plays a role in academic, professional, personal, and civic aspects of your life. Next, provide two (2) examples of how communication.

  Influenced the slope of the phillips curve

The slope of the Phillips curve: Draw a graph with a steep Phillips curve and a graph with a gently sloped Phillips curve. Explain how the two economies respond differently to a boom and to a slump. What are some factors that might influenced the slo..

  Why would you develop a code of business conduct

If you owned a small business, would you develop a code of business conduct? If yes, what variables would you include?

  Economic ramifications of investing a large part

What are the political and economic ramifications of investing a large part of the Social Security trust fund in the stock market, as has been recently proposed

  Expected value of the investment opportunity

Suppose an economic agent has a utility function U = Ln (R). Assume R is the return on investment and utility is the natural log of investment. If the investment is highly successful then the agent earns $10000. Calculate the expected utility of the ..

  How to make much money for the stockholders

Business has only one social responsibility-to make profits (as long as it stays within the legal and moral rules of the game establised by society). Few trends could so thoroughly undermine the very foundations of our society as the acceptance by..

  What is the one-year interest rate expected one year

Suppose we look in the newspaper and find the following rates: the rate on 1-year securities is 4.65%, on a similar 2-year security 6.24%, and a 3-year security 6.67%. If the unbiased expectations theory of the term structure of interest rates holds,..

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!

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