MACROECONOMICS FOR TODAY-W/LMS MINDTAP
MACROECONOMICS FOR TODAY-W/LMS MINDTAP
9th Edition
ISBN: 9781305927117
Author: Tucker
Publisher: CENGAGE L
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Chapter 14, Problem 3SQP

(a)

To determine

Identify credit card is comes under the items of scarcity, portability, divisibility and uniformity.

(b)

To determine

Identify Federal Reserve notes is comes under the items of scarcity, portability, divisibility and uniformity.

(c)

To determine

Identify Dogs is comes under the items of scarcity, portability, divisibility and uniformity.

(d)

To determine

Identify Beer mugs is comes under the items of scarcity, portability, divisibility and uniformity.

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4. Consider two polluting firms, with the marginal abatement costs of polluters 1 and 2, respectively, equal to MAC₁ = 20-E1 MAC2 = 12-E2 a. What is the unregulated level of pollution for each firm? b. Assume policymakers have decided to cut the level of pollution in half. The way they intend to accomplish this goal is to require both firms to cut their pollution in half. What are the total costs of abatement from the policy? And how are these costs distributed between the firms? c. Is this uniform quota on emissions across firms the most cost-effective manner in which to reduce emissions by 50%?
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