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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).
Plot the demand schedule and draw the demand curve for the data given for Marijuana
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THE WORLD BANK: The World Bank is another of the 'Brettonwoods Twin Sisters'. The World Bank, as it obtains presently, is an umbrella organisation, under which five different
factors that affects the volume of production
V alue Chain It is the collection of activities within an organization that allows it to compete within an organization. The activities in a value chain can be grouped into
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded. What would answer be
What is the substitution effect?
baumol''s theory
Once the organization has decided to move forward with the development of a new or modified system, it is time to determine what tasks are necessary to move the project from initia
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