Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Effect of Effluent Fees on the Firms' Input Choices
* Firms which have a by-product to production produce an effluent.
* An effluent fee is a per unit fee which firms must pay for effluent that they emit.
* How would producer respond to an effluent fee on the production?
The Scenario: Steel Producer 1) Located on the river: Low cost transportation and emission disposal.
2) EPA imposes a per unit effluent fee to reduce environmentally harmful effluent.
3) How should firm respond to this?
The Cost Minimizing Response to the Effluent Fee
* Observations:
- The factors can be substituted more easily; the more effective the fee is in reducing effluent.
Greater the degree of substitutes, less the firm will have to pay (for example $50,000 with the combination B instead of $100,000 with the combination A).
Explain the meaning of the statement "coffee and tea are close substitutes".
What are the important functions to maximize total surplus? The market equilibrium maximizes total surplus since the market performs four significant functions are as follows:
Public-Private Partnerships (PPPs):A form of financing public investment and sometimes the direct provision of public services, in that finance is provided by private investors (in
Lack of Integration in Policy Formulation and Policy Implementation: A common thread uniting these diverse diagnoses and prescriptions can be seen among most of the critical e
1. What are the uses of elasticity to the public sector and private sector? (20 marks)
Suppose one were asked to recommend a price for the output of a proposed downtown parking garage, so that the project would have as large a Net Present Value as possible. In this
how a capitalist system solves the three fundamental economic problems
SHOW MATHEMATICAL EXAMPLE
The Demand Curve - The demand curve exhibits how much of a good consumers are ready to buy as the price per unit changes keeping non-price factors constant. - This price-qua
explain the cobweb model of equilibrium
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd