How to Make a Jewish Movie
How to Make a Jewish Movie
1st Edition
ISBN: 9780134184838
Author: Melville Shavelson
Publisher: Englewood Cliffs N.J. Prentice-Hall [1971]
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Chapter 7, Problem 8E

(a)

To determine

Identify the total cost (TC) function, average cost (AC) function, and marginal cost (MC) function.

(b)

To determine

Identify the number of teams required to produce 250 engines and average cost per engine.

(c)

To determine

Identify the new capita-labor ratio.

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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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