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Question: Suppose we use our valuation tools and find the external cost of pollution is $110/ton. Michigan decides to impose an industrial pollution tax of $110/ton. Nordman Industries emits pollution and has a marginal cost of reduction (MCR) with a slope of MCR = 40 + 2Q. Nordman Industries is a rational business and will adjust its emissions in response to the pollution tax. Solve for Q to find the optimal level of pollution reduction. Report your answer in the space below. Just report the number, not a decimal or label (tons). NOTE: the horizontal (x) axis should go from 0 to 100, not 10. The last zero got cut off in the diagram. It doesn't change the math though.
Compare and contrast four of the main economic activities in Namibia and benefits each of them contribute to the economy of the country.
Explain the differences between external costs, private costs, and social costs and how the presence of external costs leads to market failure.
In 2002, when the Fed reduced the discount rate to around 1%, some commentators became concerned that the interest rate was so low that the Fed's ability.
Which of the following is not among the functions of contract? When manufacturers and distributors establish credible commitments to one another, they often employ?
A cost minimizing firm's production function is given by q=lk, where MPl=k and mpk=l. the price of labor services is w and the price of capital services is r. suppose you know that when w=$4 and r=$2, the firms total cost is $160.
Determine the level of output at whichP'(x) = 0. What is the economic significance of the level of production determined in part (b) above?
draw and explain the parts of a ppc. draw a ppc for country nambi and assume that the economy produces only computers
Identify the parties potentially affected by the outcome of the ethical dilemma faced by Avis Love. What obligation, if any, did Avis have to each of these parties?
Compare and contrast Covid-19 nationwide and statewide impact, compare and contrast economic impact, hard date cut off solutions.
Discuss the factors affecting the demand side of the market. Distinguish between change in demand and change in quantity demanded.
cook cpa has been engaged to audit the financial statements of general department stores inc. a continuing audit client
Sometimes, a bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill (to increase expected future business from the buyer).
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