Homework Answers
40)Emission standards imply a quantity of control over emission levels. However, they can not take into account the idea that some firms may have different (41)marginal costs of abatement.
(42)Emission fees on the other hand present clarity regarding the cost of abatement. but the amount of emission abated remains uncertain.
The alternative is to leave the emission abatement process to the(43) market. this includes the introduction of (44)tradable emission permits.
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Module 14: The following paragraph concerns questions 40 to 44. There are three main methods to...
Please answer all three. 7. The EPA's CAP program for SO2 gave producers an incentive to look for cheaper ways of lowering emissions becausc A. an emissions rate was mandated for firms and the pen...
Please answer all three.
7. The EPA's CAP program for SO2 gave producers an incentive to look for cheaper ways of lowering emissions becausc A. an emissions rate was mandated for firms and the penalties were high B. increasing scarcity of permits drove their price up C. offset trading offered large trade gains D. emissions taxes were enforced with vigor 8. In a cap-and-trade program, as polluters buy and sell permits, they move to a situation wherc A. all firms'...
Q.4. (45 Points) Suppose that under the Michigan’s voluntary emission trading program, the object...
Q.4. (45 Points) Suppose that under the Michigan’s voluntary emission trading program, the objective for the two major firms in an urban area is a 50 percent reduction in carbon monoxide (CO) emissions from 120 units to 60 units. Each firm face the following costs: Firm 1: TAC1=2000+0.6(A1) 2 MAC1=1.2A1 Firm 2: TAC2=1000+0.2(A2) 2 MAC2=0.4A2, where A1 and A2 represent the percentages of CO emission abatement achieved by Firm 1 and Firm 2, respectively, and TAC and MAC are measured...
GofG Which of the following is a frequent barrier to the private resolution of externalities caused...
GofG Which of the following is a frequent barrier to the private resolution of externalities caused by pollution? a) The people affected by pollution usually own the associated property rights. b) Legal contracts are easy to draw up, making it easy to enforce agreements. c) There are uncertainties regarding the source and costs of pollution. d) All of the above The command-and-control strategy relies on a) voluntary exchange of pollution rights. b) engineering controls and pollution ceilings. c) the goodwill...
Module 15: The following paragraph concerns questions 46 to 49. A public good is defined to...
Module 15: The following paragraph concerns questions 46 to 49. A public good is defined to be non-exclusive and non-rival. A good is (46) if people can not be excluded from consuming it. Also, a good is (47) if the provision of the good to an additional consumer has a marginal cost of zero. One of the problems related to the provision of public goods is the existence of (48), i.e. consumers who do not pay for a non-exclusive good...
Use the following diagram to answer questions 42 to 44 MC WR Quy 42 Unregulated Monopoly...
Use the following diagram to answer questions 42 to 44 MC WR Quy 42 Unregulated Monopoly price will be: Ae B. c. C. b. D. a. 43 Socially Optimal Price will be A. e. Bc. C. b. D. a. 44 The given diagram describes that in equilibrium, monopolist A Will earn profits C. Will incur losses B. Will earn normal profits D. Profits or loss can't be determined Use the following diagram to answer question 45 and 46 $ с...
he following table contains information on the marginal abatement costs of four firms, related to the quantity of emissi...
he following table contains information on the marginal abatement costs of four firms, related to the quantity of emissions. Currently, Firm 1 emits 40 tons/week, Firm 2 emits 35 tons/week, Firm 3 emits 30 tons/week, and Firm 4 emits 25 tons/week. Thus, total emissions are 130 tons/week. Suppose the government wishes to reduce total emissions to 60 tons/week. Emissions 40 35 30 25 20 15 10 5 0 MAC Firm 1 ($/ton) 0 1 2 3 4 5 6 7...
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...
Please help me in both questions, thank you very much :) We were unable to transcribe...
Please help me in both questions, thank you very much
:)
We were unable to transcribe this imageQUESTION 10 Soot is considered the second largest cause of global warming. It is emitted from a variety of sources, but most notably from vehicles. Damian owns a logistics company that has a very large fleet of diesel trucks. The Australian Government recently introduced legislation that charges companies based on the amount of emissions of their fleets that are above 5% soot. They...
Answer all questions 39. Microsoft sets prices for its new line of computers, and Dell and HP follow. This practice is known as A) B) C) D) antitrust pricing price extortion price leadership kinke...
Answer all questions
39. Microsoft sets prices for its new line of computers, and Dell and HP follow. This practice is known as A) B) C) D) antitrust pricing price extortion price leadership kinked demand behavior 40. To be binding, a price ceiling must be set at a price: A) lower than the equilibrium price. B) higher than the equilibrium price. C) the same as the equilibrium price. D) any price ceiling is binding. 41. The profit-maximizing rule MR- MC...
40. The fact that millions of consumers are using online search engines for comparison shopping has:...
40. The fact that millions of consumers are using online search engines for comparison shopping has: A. reduced overall demand. B. increased consumers' price sensitivity. C. increased the number of oligopoly markets. D. reduced the contribution per unit cross-pricing elasticity. E. made break-even analysis irelevant. 41. Variable costs change with: A. the change in fixed costs. B. changes in cross-price elasticity C. changes in target return pricing. D. changes in the quantity the product or service being produced E. competitive...
Please answer all three.
7. The EPA's CAP program for SO2 gave producers an incentive to look for cheaper ways of lowering emissions becausc A. an emissions rate was mandated for firms and the penalties were high B. increasing scarcity of permits drove their price up C. offset trading offered large trade gains D. emissions taxes were enforced with vigor 8. In a cap-and-trade program, as polluters buy and sell permits, they move to a situation wherc A. all firms'...
GofG Which of the following is a frequent barrier to the private resolution of externalities caused by pollution? a) The people affected by pollution usually own the associated property rights. b) Legal contracts are easy to draw up, making it easy to enforce agreements. c) There are uncertainties regarding the source and costs of pollution. d) All of the above The command-and-control strategy relies on a) voluntary exchange of pollution rights. b) engineering controls and pollution ceilings. c) the goodwill...
Module 15: The following paragraph concerns questions 46 to 49. A public good is defined to be non-exclusive and non-rival. A good is (46) if people can not be excluded from consuming it. Also, a good is (47) if the provision of the good to an additional consumer has a marginal cost of zero. One of the problems related to the provision of public goods is the existence of (48), i.e. consumers who do not pay for a non-exclusive good...
Use the following diagram to answer questions 42 to 44 MC WR Quy 42 Unregulated Monopoly price will be: Ae B. c. C. b. D. a. 43 Socially Optimal Price will be A. e. Bc. C. b. D. a. 44 The given diagram describes that in equilibrium, monopolist A Will earn profits C. Will incur losses B. Will earn normal profits D. Profits or loss can't be determined Use the following diagram to answer question 45 and 46 $ с...
Please help me in both questions, thank you very much
:)
We were unable to transcribe this imageQUESTION 10 Soot is considered the second largest cause of global warming. It is emitted from a variety of sources, but most notably from vehicles. Damian owns a logistics company that has a very large fleet of diesel trucks. The Australian Government recently introduced legislation that charges companies based on the amount of emissions of their fleets that are above 5% soot. They...
Answer all questions
39. Microsoft sets prices for its new line of computers, and Dell and HP follow. This practice is known as A) B) C) D) antitrust pricing price extortion price leadership kinked demand behavior 40. To be binding, a price ceiling must be set at a price: A) lower than the equilibrium price. B) higher than the equilibrium price. C) the same as the equilibrium price. D) any price ceiling is binding. 41. The profit-maximizing rule MR- MC...
40. The fact that millions of consumers are using online search engines for comparison shopping has: A. reduced overall demand. B. increased consumers' price sensitivity. C. increased the number of oligopoly markets. D. reduced the contribution per unit cross-pricing elasticity. E. made break-even analysis irelevant. 41. Variable costs change with: A. the change in fixed costs. B. changes in cross-price elasticity C. changes in target return pricing. D. changes in the quantity the product or service being produced E. competitive...
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