If firms do not clean up their pollution, the price will be _(low, the same, higher)...
If firms do not clean up their pollution, the price will be _(low, the same, higher) ______ than if there was no pollution Answer 1 and quantity will be _____(low, the same, higher)_____ than if there was no pollution.
Homework Answers
1) low
When firm does not have to incur cost on the removal of pollution then firm charges low price. If firm has to clean up pollution then this increase cost of production and as a result price increases.
2) higher
When firm has to clean up their pollution then cost of production increases and decreases quantity produced so that pollution decreases. If firm does not have to clean their pollution then they produce more good and create more pollution as firm does not have to pay for this.
Add Answer to:
If firms do not clean up their pollution, the price will be
_(low, the same, higher)...
With tradable permits, high polluters face a (the) ________cost of pollution reduction than low polluting firms...
With tradable permits, high polluters face a (the) ________cost of pollution reduction than low polluting firms and decrease emissions at a (the) _________than with reguation. a. same; lower b. lower; higher c. higher; same d. higher lower (side note: confirmed that lower higher is not the right answer. so it is either a, c, or d
Choose the correct word from the drop down menu to complete the sentence below. If firms...
Choose the correct word from the drop down menu to complete the sentence below. If firms do not clean up their pollution, the price will be _than if there was no pollution Choose... and quantity will be than if there was no pollution Choose...
Firms with high P/E ratios earned higher average returns than firms with low P/E ratios earned...
Firms with high P/E ratios earned higher average returns than firms with low P/E ratios earned the same average returns as firms with low P/E ratios earned lower average returns than firms with low P/E ratios had higher dividend yields than firms with low P/E ratios
Suppose the proposal was to procide the same level of clean-up, but to tax waxh person...
Suppose the proposal was to procide the same level of clean-up, but
to tax waxh person accordinf ti their income breacket so that the
porest, second-poorest, second-richest, and richest groups were
taxed at rates of $1, $8, $700, and $3,291 per person,
respectively, i stead of distributing the tax burden equally.
e. (6 points) Suppose the proposal was to provide the same level of clean-up, but to tax each person according to their income bracket so that the poorest, second-poorest,...
Suppose the government wants to reduce the total pollution emitted by three firms In Rs brea....
Suppose the government wants to reduce the total pollution emitted by three firms In Rs brea. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollution units. The government wants to reduce total pollution in the area to 6 units. In order to do so, the goverment can choose between the following two methods. Method 1: The government sets pollution standards. Method 2: The government allocates tradable pollution permits. Compare the two...
Suppose the government wants to reduce the total pollution emitted by three firms in its area
Suppose the government wants to reduce the total pollution emitted by three firms in its area. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollution units. The government wants to reduce total pollution in the area to 6 units. In order to do so the government can choose between two methods: Under method 1, the governments sets pollution standards, whereas under method 2, the government allocated tradable pollution permits, Let’s compare...
Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollution units
5. Correcting for negative externalities - Regulation versus tradable permits Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollution units. If the government wants to reduce total pollution in the area to 6 units, it can choose between the following two methods: Available Methods to Reduce Pollution 1. The government sets pollution standards using regulation. 2. The government allocates tradable pollution...
True/False Questions 14. If both generate the same tax revenue, a unit tax induces greater quantity...
True/False Questions 14. If both generate the same tax revenue, a unit tax induces greater quantity distortion than an ad valorem tax 15. Market power always reduces overall welfare. 16. Mark up is the amount charged above marginal cost. 17. When a firm uses quantity discrimination (block pricing), it is the high quantity purchasers who pay a higher price per unit. 18. A Nash Equilibrium occurs when players do not have reason to deviate given the action of their opponent....
Which environmental disaster prompted Congress to enact the Oil Pollution Act that requires oil firms to...
Which environmental disaster prompted Congress to enact the Oil Pollution Act that requires oil firms to have a plan to prevent potential future spills as well as a detailed containment and clean up plan? Deepwater Horizon Keystone Pipeline Exxon Valdez Shell Pipeline
Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each...
Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollution units. If the government wants to reduce total pollution in the area to 6 units, it can choose between the following two methods: Available Methods to Reduce Pollution 1. The government sets pollution standards using regulation. 2. The government allocates tradable pollution permits. Each firm faces different costs, so reducing pollution is...
Choose the correct word from the drop down menu to complete the sentence below. If firms do not clean up their pollution, the price will be _than if there was no pollution Choose... and quantity will be than if there was no pollution Choose...
Firms with high P/E ratios earned higher average returns than firms with low P/E ratios earned the same average returns as firms with low P/E ratios earned lower average returns than firms with low P/E ratios had higher dividend yields than firms with low P/E ratios
Suppose the proposal was to procide the same level of clean-up, but
to tax waxh person accordinf ti their income breacket so that the
porest, second-poorest, second-richest, and richest groups were
taxed at rates of $1, $8, $700, and $3,291 per person,
respectively, i stead of distributing the tax burden equally.
e. (6 points) Suppose the proposal was to provide the same level of clean-up, but to tax each person according to their income bracket so that the poorest, second-poorest,...
Suppose the government wants to reduce the total pollution emitted by three firms In Rs brea. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollution units. The government wants to reduce total pollution in the area to 6 units. In order to do so, the goverment can choose between the following two methods. Method 1: The government sets pollution standards. Method 2: The government allocates tradable pollution permits. Compare the two...
True/False Questions 14. If both generate the same tax revenue, a unit tax induces greater quantity distortion than an ad valorem tax 15. Market power always reduces overall welfare. 16. Mark up is the amount charged above marginal cost. 17. When a firm uses quantity discrimination (block pricing), it is the high quantity purchasers who pay a higher price per unit. 18. A Nash Equilibrium occurs when players do not have reason to deviate given the action of their opponent....
Most questions answered within 3 hours.
-
The activation energy for a given reaction is 50.3 kJ/mol. If
the rate constant for the...
asked 26 minutes ago -
An entomologist discovers a dung beetle rolling a ball of dung
along the ground, and decides...
asked 2 hours ago -
Humans have used horses for transportation for millions of
years. Therefore, they will use horses for...
asked 4 hours ago -
The following are the Jensen Corporation's unit costs of making
and selling an item at a...
asked 4 hours ago -
Does direct Medicare reimbursement of Advanced practice nurses
increase access to their services?
asked 5 hours ago -
List and explain why a company would choose to use a
published
compensation survey vs. creating...
asked 5 hours ago -
A discrete random variable X can take values from 1 to 10. Find
the variance of...
asked 5 hours ago -
The primary financial goal of a corporation is to maximize:
shareholders wealth.
earnings per share.
stock...
asked 5 hours ago -
determine whether the vectors u=(1,2,3,), v=(-2,1,0) and
w=(1,0,1) are linearly dependent or independent.
asked 6 hours ago -
python
Define a function called print_values which takes a dictionary
object as a parameter. The function...
asked 7 hours ago -
In Chapter 1 you created a program named Triangle in
which you displayed a seven-line triangle...
asked 6 hours ago -
Research question: What are the differences between separately
stated and non separately stated transactions in an...
asked 7 hours ago