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Two polluting firms can control emissions of a pollutant by incurring the following marginal abatement costs: MAC1 = $300 - 10E1 and MAC2 = $90 - 5E2. Assume the target level of pollution is 30 units. We do not know if this is the socially efficient level or not.
A)Suppose a uniform standard system is put in place to achieve a total emissions level of 30 units. Is this a cost-effective standard and does a deadweight loss arise? Why or why not? Show and explain your answer both graphically and algebraically.
B)Explain how a tradable emission permit system could be applied to achieve the target level of emissions. Assume the regulator initially assigns 15 permits to each polluter. The government gives these permits to the firms without charge. Solve for the number of permits each firm holds after a permit market operates, the price of the permit, and total private costs of the permit system.
Explain how culture influences international business, making specific reference to important cultural dimensions including a detailed explanation.
A farmer sells cotton to a clothing company for $1,000 and the clothing company turns the cotton into T-shirts that it sells to a store for a total of $2,000. How much did GDP increase a result of these transactions?
What do you think about the relative cognitive capacities of Oldowan and Acheulean toolmakers? Which one is harder to make?
The annual parking permit costs $100 due August 15th, and the semester permits are $65 due August 15th and January 15th.
Suppose a fish farm has the following marginal cost schedule: How many baskets of fish should be harvested at market prices of
Let A and B be events in a sample space with P r[A|B] = .5, and P r[A n B] = .3. Find P r[B]
Do you consider yourself an early adopter when it comes to trying out new products or new fashions, or do you tend to take a wait-and-see attitude? How does your attitude toward new products and new ideas influence your decision making as a consumer?
Drag each item to the appropriate category of evaluations a manager must make when examining a country's attractiveness. Roll over each item for a detailed description.
Each year, the country’s 700-plus business schools produce a total of 80,000 MBAs. The number of business schools has more than doubled and the number of MBA graduates per year has increased 15 fold since 1970 with a growing demand for MBA graduates ..
Show the decreasing desire to buy U.S. government bonds. Show and label what happens to bond prices and quantity of bonds sold on the graph.
First determine the tax issue. Then research the issue and determine your conclusion. Fred Fisher is a licensed scuba diver who lives in Key Largo. He is employed full-time as an engineer. Five years ago he had been employed as a professional diver ..
Rich family before tax 500,000. tax rate 30%. middle class before tax 50000. 20% tax rate. poor family 20000. 2% tax rate. what is the ratio of rich's family's income to the poor family's income before tax and after tax? is this tax progressive?
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