User Account

All Pages

The clean air act

Assignment Help Business Economics
Reference no: EM13984425

The Chicago Board of Trade voted to create a private market for right to emit sulfer dioxide. The Clean Air Act of 1990 established a limit, beginning in 1995, on total emmissions of sulfer dixoxide from 110 power plants. Firms finding it relatively expensive to cut their sulfer dioxide emissions are likely to buy pollution permits because such permits cost less than cutting their emissions. Given that firms can exceed their legal limit and pay fines of $2,000 per ton, do you think that the price of a right to emit a ton of sulfer dioxide exceeds $2000, why or why not?

Please show calculations, if any.

Reference no: EM13984425

Questions Cloud

Market-based approach to reduce nonpoint source pollution : Working as part of an EPA team, your assignment is to give a clear, objective presentation of a market-based approach to reduce nonpoint source pollution. Include in your discussion the theoretical issues and any practical issues that must be address..
Well-enforced command-and-control regulatory structure : Critically discuss the following statement: Without a well-enforced command-and-control regulatory structure, society will not take the necessary steps toward a sustainable future.
Preventive initiatives that would reduce environmental risk : Choose a product that negatively affects the environment, assuming a linear flow of materials. Then, use a cyclical materials flow approach, and conduct a hypothetical life cycle assessment (LCA), pointing out at least two preventive initiatives that..
Calculate the maximum rental value of the land : On a specific plot of land, X = 20L1/2 ; where X is the level of output in bushels of wheat, and L is the number of workers hired. Assuming that each worker receives a real wage equal to 1 bushel of wheat, calculate the maximum rental value of the la..
The clean air act : The Chicago Board of Trade voted to create a private market for right to emit sulfer dioxide. The Clean Air Act of 1990 established a limit, beginning in 1995, on total emmissions of sulfer dixoxide from 110 power plants. Given that firms can exceed ..
Government regulation of product : From the first e-Activity, analyze the current state of the government regulation of product safety to determine whether the referenced agencies are generally proactive or reactive. Provide one (1) specific example of each agency to support your r..
Write a specific expression for the wave function : At time t=0.00s an element of the string at x= 0.00 m has a transverse position y = 0.00 cm and is moving with an upward velocity. Write a specific expression for the wave function (include aH numerical quantities for credit!).
How are certain types of people portrayed : Write a full paragraph of detailed examples from the film to support your assertion about the portrayal of each group (in other words, each group gets its own paragraph)
Propose several current and future economic issues : Propose several current and future economic issues confronting and changing the healthcare system - analyze the significant implications of the issues in question for market efficiency of the healthcare system.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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