Responsibility for determining the amount of pollution

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Reference no: EM1311673

Q1. It has been proposed that a government agency be charged with the responsibility for determining the amount of pollution which the atmosphere or a body of water can safely recycle also sells these limited rights to polluters. From an economist's perspective, illustrate what would be the advantage of such a marketplace for pollution rights?

Q2. Q1. T-Shirt Enterprises is selling in a purely competitive marketplace. Its output is 300 units, which sell for $1 every. At this level of output, marginal cost is $1 also average variable cost is $1.50. The firm should:

Increase output to 350 units

Produce zero units of output

Decrease output to 250 units

Continue to produce 300 units

Reference no: EM1311673

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