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Assume that two power plants, Firm 1 and Firm 2, release arsenic in a small urban community that exceeds the emissions standard. To meet the standard, 40 units of SO2 must be abated in total. The two firms face the following abatement costs:
MAC1 = 18 + 0.7A1 MAC2 = 15 + 3.2A2,
where costs are measured in thousands of dollars.
a) Prove that a uniform standard will not meet the cost-effectiveness criterion.
b) Determine the abatements for company 1 and 2 under the cost effective criterion.
c) Determine Total abatement cost for both companies under cost effective criterion
d) Are there any cost savings on implementing the cost effective criterion with respect to uniform standards, if so please show the savings
A supplier of a factor of production has a reservation price of $100. The purchaser of the factor of production has a reservation price of $200. If the factor of production is unique, then: Ingrid has been waiting for the show "Mamma Mia!" to come to..
Find out the CPI in the subsequent year also the rate of inflation between the base year also the subsequent year.
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Under what conditions would WTO allow countries to impose (practice) the following (be specific)?
suppose the yield to maturity on a 1-year bond is 6 percent. Everyone expects inflation over the year to be 3 percent, but it turns out to be 5 percent. What is the nominal interest rate on the bond, the ex ante real rate, and the ex post real rat..
Sally owns a ceiling fan company. Last year, she sold 1300 ceiling fans at $60 each, and each fan costs her $30. Before going into the ceiling fan business, she worked as a fan-dancer at $38,000 a year.
If you had the power of the President, Congress, and the Federal Reserve, what would you do to stimulate the U.S. economy which is barely growing?
The long-term trend of a time series in the decomposition model is estimated using
q.ceo of the cola king bottling company is hero nakamura it is a small regional producer operating in the pacific
Identifies and analyzes various elements, both legal and ethical, as they apply to marketing products and services in the United States. Cite at least 2 references that support your concerns and explain how these concerns are being actively addressed..
q.what would be the production possibility frontiers for brazil and the united states?without trade the united states
The radio manufacturing industry has been in decline for quite some time. Suppose the government is called on to save this industry with infusions of cash, low interest loans, or other special breaks. This might be touted as helping firms remain open..
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