Pollution reduction should appalachian coal mining undertake

Assignment Help Basic Statistics

Reference no: EM1318032

Fixing optimum quantity by considering Marginal Cost and Marginal Revenue.

Appalachian Coal mining believes it can enhance labor productivity and therefore net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is

MC = 40P

Where P represents reduction of one unit of pollution in mines. It also feels that for every unit of pollution reduction the marginal increase in revenue (MR) is

MR= 1,000 - 10P

How much pollution reduction should Appalachian Coal mining undertake?

Reference no: EM1318032

Questions Cloud

What lump sum should be invested today : What lump sum should be invested today

Crude death rate and age specific death rate : Find out the crude death rate, age specific death rate, standard death rate and adjusted death rate.

Marketing functions intermediaries perform : The company has decided to cut costs by eliminating all of the marketing intermediaries who help distribute its products. Hartselle will be able to reduce its total marketing costs by eliminating the marketing functions these intermediaries perfor..

Provision of collective bargaining agreement : Steven Goldberg, who is Jewish, is a factory worker at Uranus Umbrella Company-Uranus claims this accommodation would place it in violation of the seniority provision of the collective bargaining agreement it has with Steven's union. How would you..

Pollution reduction should appalachian coal mining undertake : Appalachian Coal mining believes it can enhance labor productivity and therefore net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is.

Relative to electronic communications : Should an employee have an expectation of privacy relative to electronic communications when sending personal emails from the company computer?

Least square regression line : Based on a scatter diagram, would you estimate the linear correlation coefficient to be:

Evaluation of probability of randomly selected customer : Evaluation of probability of randomly selected customer- Normal Distribution

Frederick winslow taylor scientific management theory : Describe an in-depth definition and description of Frederick Winslow Taylor's scientific management theory, what the theory addresses.

User Account

All Pages