The government has recently introduced a marketable permit program for major polluters where one permit gives permission to pollute one unit. When the program is introduced, Firm A emits 400 units of pollutant and so is granted 400 permits. After one year, firms are issued 25% fewer pollution permits. If Firm A reduces its pollutants from 400 units to 240 units, how many permits does it sell after one year?
Q: Discuss and define the five (5) concerns that have most strongly influenced the development of…
A: Problem-oriented policing (POP) and community policing have emerged as key strategies for improving…
Q: Total Cost: TC = 50 +¹/29² Marginal Cost: MC = q al firm's quantity produced. The Demand: QD = 120 -…
A: Total Cost: TC = 50+ (½)q^2 Marginal Cost: MC = q where q is an individual firm's quantity produced.…
Q: Jo sells beautiful flower bouquets at the Sunday markets. Assume the market for flower bouquets is…
A: Profit is the difference between the total revenue earned by a business and the total cost of…
Q: 1. Use the table to answer the following questions. Be sure to use the midpoint formula to deter-…
A: "Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Global GDP has two issues. Which considerations should be considered while comparing GDPs?
A: Gross Domestic Product, frequently referred to as GDP, is an important metric that gauges the size…
Q: Illustrate by making use of only ONE graph, the short term and long term demand for labour curve and…
A: Demand for labor is the amount of labor or the number of workers that employers are willing and able…
Q: 1.Suppose MPC = 0.75, if government increases taxes by $2,000, how much will the household…
A: The information which has been given to us is as follows:- MPC (Marginal propensity to consume) =…
Q: Q2B. Which of the following are limitations of using Impulse Response Functions (IRFs) in time…
A: Impulse Response Functions (IRFs) are a widely used tool in time series analysis that allow…
Q: If occupation A pays more than occupation B, as long as there is a movement between the occupations,…
A: In the wage market, the labor supply their services to the firms. While the firm demands labor…
Q: A firm's cost curves are given in the following table
A: Total cost is the sum of total fixed cost and total variable cost. i.e., TC = TFC + TVC…
Q: What is the big agriculture dilemma problem in the united states?
A: The "big agriculture dilemma" in the united states refers to a complex set of challenges and…
Q: . 65 Reese's What is the value of this half for Savannah? Is this a fair share? a Ob Oc Od $5.50,…
A: The divider-chooser approach is founded on the principle of fair division, which assures that each…
Q: Briefly describe what will happen to the Federal Reserve Bank's balance sheet after each of the…
A: A central bank's financial position is represented in its balance sheet, which shows its assets and…
Q: Demand and Supply Shifts A right shift is an increase and a left shift is a decrease. b. Fill in the…
A: A right shift implies an increase and a left shift implies a decrease. So demand decreases implies…
Q: You are given the following information about the transactions of a company: Wages paid to workers =…
A: To find the value added by the company in the given case, one can use the income method because…
Q: Question 4 Suppose Home is a small exporter of wheat. At the world price of 100 US dollars per…
A: Export subsidy is the type of public policy that encourages export of goods and services of a native…
Q: Normative statements are concerned primarily with a. what is. b. facts and theories. c. what ought…
A: Normative statements are subjective and value based statements. The normative statements are not…
Q: Increases in usage of debit, credit and smart cards all temporarily increase the quantity of money…
A: Money can be defined as any financial instrument that is widely accepted as final payment for goods…
Q: HOW SOLUTIONS AND WRITE NEATLY THE FORMULA COMPOUND INTEREST Find the effective rate corresponding…
A: rate = 5.59% compound quarterly Quarterly (m) = 4
Q: How does money illusion cause nominal wage rigidity? O a. Wages fall only when money illusion is…
A: Money illusion can cause nominal wage rigidity by making it difficult for nominal wages to adjust to…
Q: Suppose that the exchange rate of domestic currency per foreign currency is 2. If the price for a…
A: Purchasing power parity is the equilibrium exchange rate between two different currencies or stated…
Q: 1. The nation of Ectenia has 20 competitive apple orchards, all of which sell apples at the world…
A: Marginal product is a measure of the additional output that is produced by adding one more unit of a…
Q: Under a two identical country case, graphically illustrate and discuss the welfare implications to…
A: Trade distortion refers to any government action that alters the free flow of goods and services…
Q: Suppose the equilibrium price is $10. Then a price ceiling of $15 would Be ineffective.…
A: Equilibrium is where the demand curve intersects the supply curve. The price ceiling is the price…
Q: Failing to correct negative externalities will create a deadweight loss. Graph it!
A: Disclaimer: Since you have asked multiple question, we will solve the first question for you. If you…
Q: According to the sticky-price model, cou with lower rates of inflation will have a steeper short-run…
A: The sticky-price model is based at the idea that prices in the economy do no longer adjust…
Q: According to Martin Gilens, which of the following best explains why most Americans are in favor of…
A: Welfare refers to a government software or social support system designed to provide assistance and…
Q: If US exports = 100$ and US imports = 200$, then Net Exports = Group of answer choices 100 -100 300…
A: Net exports are a computation of a country's total trade. The formula for net exports is a simple…
Q: 1. Consider two alternative models of the long run trend in GDP per capita: Yitrend Yotrend egt…
A: The question concerns two alternative models for estimating the long-run trend in Gross Domestic…
Q: Tougher product market competition will reduce structural unemployment. Discuss
A: Structural unemployment is defined as a long-term mismatch between employees' abilities and…
Q: 5. There are two types of used cars, high quality and low quality. Buyers cannot distinguish the two…
A: The asymmetric information exists where the buyers and sellers do not have equal information. The…
Q: 1. Consider the following normal form game. X Y (a) What is the set of rationalizable strategies for…
A: Mixed strategy Nash equilibrium: Under the mixed strategy Nash equilibrium at least one player has…
Q: Refer to the above Figure. At the price P1, the consumer surplus would be a. BDG O b. ABC O C. FAG…
A: Equilibrium Price: The term equilibrium price refers to the price that is derived from the…
Q: 2. Suppose that the market for wind chimes is a competitive market. The following graph shows the…
A: A competitive firm is a price taker as there are many firms producing identical goods. They accept…
Q: What is the reserve requirement
A: The reserve requirement, also known as the reserve ratio, is a regulation set by central banks that…
Q: 5. Using money creation to pay for government spending Consider Arcadia, a hypothetical country that…
A: Money neutrality says that changes in the supply of money is entirely reflected in changes in the…
Q: 4. Billy and Ruth are thinking of buying a sofa. Billy's utility function is Ug(S, MB) = (1 + S)MB…
A: Utility is a measure of the satisfaction or well-being that a consumer or society derives from…
Q: Q2 In the QWERTY case, Paul David argues that there is a market failure in the non adoption of the…
A: The QWERTY keyboard layout has been the standard keyboard design for over a century. however, its…
Q: Namibia is contemplating on imposing an export subsidy to encourage its businesses to export more.…
A: An export subsidy is a sum of money that a government gives to domestic manufacturers in order to…
Q: When more and more people join the labour force, the productivity growth increases. True False
A: The labor force refers to the number of people who are currently hired or actively looking for…
Q: b. The following table shows the price index of various sub-index of CPI in May 2014 and May 2015: 1…
A: The CPI of a country measures the cost of common goods and services purchased by families. Money…
Q: es. Price $35 $30 $25 $20 $15 $10 $5 0 6 12 18 24 30 36 42 48 54 60 paxxx.com Quantity Instructions:…
A: Equilibrium is where the demand curve intersects the supply curve. Price floor is the price set by…
Q: Suppose you are using Present Worth Analysis and the useful life for project A is 17 years and for…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: create 2 ideas if you were creating a topic idea based off of the information below It must be a…
A: Economic theory refers to the set of concepts and principles that explain how the economy works, and…
Q: The many identical residents of Whoville love drinking Zlurp. Each resident has the following…
A: consumer equilibrium is the optimal consumption of commodities that provide the customer with the…
Q: the change real wage. A Land rents = $. (Enter your response rounded to the nearest dollar. Be sure…
A: When the real wage was $20 then 60 laborers were hired. When the real wage increased to $25 then the…
Q: 3. Two stores are located side by side. They attract customers to each other and to themselves by…
A: We get the Nash equilibrium where best response of both players intersect
Q: A firm's production function is Q = K0.3L0.7 If K costs 5 and L costs 9 and the total cost of…
A: A production function is a mathematical equation that describes the relationship between the…
Q: P = 10000 S = 1000 Annual Savings = 4000 Annual Maintenance Cost = 3000 i = 5%, n = 7 years Which…
A: The information which has been given to us is as follows:- P = 10000 S = 1000 Annual Savings = 4000…
Q: Malia has been working at the Sobey's warehouse for 11 years. If Malia's total pensionable earnings…
A: Annual CPP Contribution: All working Canadians between the ages of 18 and 70 must make CPP…
The government has recently introduced a marketable permit program for major polluters where one permit gives permission to pollute one unit. When the program is introduced, Firm A emits 400 units of pollutant and so is granted 400 permits. After one year, firms are issued 25% fewer pollution permits. If Firm A reduces its pollutants from 400 units to 240 units, how many permits does it sell after one year?
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- The government has recently introduced a marketable permit program for major polluters where one permit gives permission to pollute one unit. When the program is introduced, Firm A emits 400 units of pollutant and so is granted 400 permits. After one year, firms are issued 25% fewer pollution permits. If Firm A reduces its pollutants from 400 units to 260 units, how many permits does it sell after one year?Firm A currently dumps 247 tons of chemicals into the local river. Firm B currently dumps 246 tons of chemicals into the local river. The government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. The government gives Firm A 32 pollution permits and gives Firm B 48 pollution permits. The abatement costs of one ton of pollution is $153 for Firm A and $89 for Firm B. What would be the total cost of reducing pollution, if the firms are .allowed to trade permits between each other?There are 2 firms: Firm X and Firm Y. Firm X has the following cost to pollution reduction: MCx = 10 + 2Qx Firm Y has the following cost to pollution reduction: MCy = 4 + 4Qy Both firms currently produce 100 units of pollution, for a combined production of 200 units. The government has decided to reduce total pollution to 56 units. To do this, the government introduces 56 tradable permits, giving 28 to each firm. What is the equilibrium price of each permit?
- Firm A currently dumps 223 tons of chemicals into the local river. Firm B currently dumps 192 tons of chemicals into the local river. The government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. The government gives each firm 10 pollution permits. The abatement costs of one ton of pollution is $173 for Firm A and $76 for Firm B. What would be the total cost of reducing pollution, if the firms are allowed to trade permits between each other?Firm A currently dumps 243 tons of chemicals into the local river. Firm B currently dumps 126 tons of chemicals into the local river. The government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. The government gives Firm A 61 pollution permits and gives Firm B 65 pollution permits. The abatement costs of one ton of pollution is $113 for Firm A and $165 for Firm B. What would be the total cost of reducing pollution, if the government does NOT allow the firm to trade the permits between each other?The table below shows the demand for pollution permits to emit hydrocarbons in a particular industrial park. Each permit allows the owner to release one tonne of pollutants into the atmosphere. Price per Pollution Permit Quantity of Permits $4,500 100 4,000 200 3,500 300 3,000 400 2,500 500 2,000 600 1,500 700 were charged, how many tonnes of pollutants would be discharged into the atmosphere, assuming a straight-line a. If fee for a pollution perm demand curve? Quantity: tonnes b. Suppose government were to set a fee of $2,500 per pollution permit. How many tonnes of pollutants would now be dumped? What is the total revenue received by government? Quantity: tonnes Total revenue: $ c. Suppose that a new technology allows for a significant reduction in hydrocarbons at a relatively low cost so that the demand for pollution permits in the industrial park drops by 200 tonnes. Assuming that government holds the permit fee at $2,500, how many tonnes of pollutants would now be dumped? What…
- The figure to the right shows the marginal cost of pollution abatement for two firms, A and B. The firms were initially abating 46 units of pollution each. Now they can trade pollution permits at a price of $22. As a result, firm A sells permits and firm B buys permits. Both firms are now better off and their total saving will be $ (Enter your answer rounded to the nearest whole number.) Dollars per Unit ($) 34 22 10 The Efficiency of Tradable Pollution Permits MCB 31 46 61 Quantity of Pollution Abatement MCA NThe primary source of air pollution in the small town of Smokey, Nevada is a nearby steel mill. The local environmental agency has decided that the mill needs to reduce its emissions because the town's population is located directly downwind from it. Currently the agency is considering three different approaches to reducing pollution from the mill: a technology standard, an emission standard and an emission tax. Why might the owner of the mill prefer an emission standard to a technology standard that would produce the same level of emissions? a Because with emission standards the polluter is more flexible in selecting the technology that will minimize her abatement cost Ob. Because polluters usually try to stick to their existing technology O C. Because it has been proven to be easier to implement O d. Because polluters, as all producers are suspicious about new technologiesChapter 10. 6. Achieving lower pollution
- ЕOC 11.04 Consider two car factories, one run by Ford and the other run by Honda, that both create pollution. The government wants to reduce how much these two factories pollute by 40 tons, so only allow factories to pollute if they have a permit. Each factory is given 20 pollution permits. A business can use a permit to emit one ton of pollution or they can sell it to another business (and lose the ability to pollute). To lower pollution it costs Ford $200 per ton of pollutant removed and it costs Honda $100 per ton removed. After Ford and Honda have met to trade their permits with each other, what we expect to happen? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. Honda emits 20 tons of pollutants and Ford emits 20 tons of pollutants. a Honda no longer pollutes and Ford does not lower how much it produces. Honda increases its pollution and Ford lowers its pollution. Ford no longer pollutes and Honda does not lower how much it…Assume citizens of Destrahan are complaining that Shell Chemical and Dow Chemical are polluting the environment. Currently, each firm emits 40 tons of pollution per year. Shell Chemical could reduce its pollution at a cost of $500 per ton, and Dow Chemical could reduce its pollution at a cost of $100 per ton. To reduce overall pollution to 40 units, the mayor gives each firm 20 tradable pollution permits. Each permit allows a firm to emit one ton of pollution. Assuming each permit has a market value is $200, what is the cost of reducing pollution to the desired level? a.$2,000 b.$4,000 c.$8,000 d.$10,000There are three firms, A;B; and C that produce electricity. The first two firms have the same per-megawatt cost of production equal to $2, while firm C has a per-megawatt cost of $1. The firms differ, however, in their pollution. Firms A, B, and C produce respectively 1, 2, and 3 cubic feet of carbon monoxide per megawatt produced. A cubic foot of carbon monoxide pollutes the environment, and has a social cost of $2.5. The demand for electricity is represented by the inverse demand function P (Mw) =100 - Mw, where Mw represents the megawatts consumed by the public. Suppose firms are not held accountable for the pollution they produce. What is the competitive equilibrium price and quantity in the market for electricity? (remember that in a competitive market the price will be driven down to marginal cost (since firms in a competitive market earn zero economic profit). How much pollution is there at the competitive equilibrium and what is the social cost of this pollution?