Consider the graph from Question 9 (reproduced below) and the same technology and tax scenario. If the firm adopts the New technology, its total compliance costs (i.e., tax payment plus total abatement costs) in addition to the cost of adopting the new technology will be #3 A+B+C+D+E O b. A+D+C O c. A O d. A+B O e. A+D+E
Q: Refer to Table 13-1. What is the marginal cost of producing the first widget? a. $0 b. $1.00 c.…
A: The above table is filled by using the given formulas: Total cost(TC)=FC+VCVariable…
Q: evune focus
A: Economics refers to the social science that studies the production, distribution, and consumption of…
Q: The use of a dollar bill to buy a concert ticket represents the function of money as a Omedium of…
A: The function of money: Medium of exchange: Money is accepted as a means of payment, it initiates the…
Q: Draw a monopoly and perfectly competitive industry on the same graph space. Only show equilibrium…
A: Here's the graph,
Q: Suppose in 2000, the country of Singsville had a GDP of $120400 and a population of 650. In 2001,…
A: GDP is the value of final goods and services produced in the country within a given period of time.
Q: 4.1- Data Table In the table below, we will see the change in the economic data of the USA from 2017…
A: The Real GDP/Capita, Growth rate of Real GDP/Capita, Inflation rates, interest rates, bank rate, etc…
Q: New species are currently being discovered and named at a faster rate than at any time in the…
A: Wildlife conservation refer to protecting animal and plant species and their habitats. This is…
Q: 25. Which statement is true? a. The income method for calculating GDP gives a higher result for GDP…
A: GDP refers to the value of goods and services that are produced within the country during a specific…
Q: Which of the following is the most likely to occur in the Circular Flow Model when a recession takes…
A: Recession is a period of falling real GDP in the economy.
Q: Who were the Bernoulli's and what was their contribution the expected utility theory (or decision…
A: Jacob I Bernoulli, Johann I Bernoulli, and Daniel Bernoulli are the three most famous Bernoulli…
Q: fer to Figure 1 in Question 11. The car-repair shop charges $150 per repair. What is the value of…
A: Number of Machines (A) Number of Cars Repaired (B) 0 0 1 8 2 12 3 15 4 17 5 18
Q: Given the following demand functions of a discriminating monopolist and the composite cost function,…
A: Profit is the amount earn by monopolist or any firm after reducing the marginal cost from marginal…
Q: 6. Does government borrowing crowd out private spending? Suppose a hypothetical economy is operating…
A: Full employment is what is going on in which all suitable work assets are being utilized in the most…
Q: The question was not answered.
A: Answer: Given, Qd=25,000-5,000P+25MQs=240,000+5000P-2000P1Here the next year forecast of income will…
Q: Imagine that in a given point in time, t, we observe the following yields: 11t = 2%, 12t = 4%, and…
A:
Q: To make CDs look more attractive than they really are, some banks advertise that their rates are…
A:
Q: Which of the following is exchanged in the product man O the profit earned by the local barber after…
A: There are two types of market in the circular flow Model: Product market and factor market.
Q: 1. An investment of $345,000 can be made in a project that will produce a uniform annual revenue of…
A: We will use the present worth method. In the present worth method, we find the present values of all…
Q: What are considered nonmarket barriers to adjustment? (check all that applies) a. minimum wage laws…
A: The barrier to entry is a way in which a firm is prevented to enter the market.
Q: The dichotomy between monetary and real sphere according to the Neoclassical view implies that money…
A: Money is anything that is widely accepted in exchange of goods and services. It avoids the need of…
Q: Suppose that a large percentage of Country A’s exports go to Country B. Country B is currently…
A: In this situation, a large percentage of Country A’s exports go to Country B and the Country B is…
Q: Exercise Two firms compete for market shares producing similar goods under imperfect competition.…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Q: A country is currently in a recession. ( a. Illustrate this economy on a fully-labeled aggregate…
A: Recession refers to the situation where economic activities slow down and output growth is less than…
Q: Define and explain the structure of NEDLAC
A: There are many economic institutions that work together for the betterment of the economy and the…
Q: A company produces a special new type of TV. The company has fixed costs of $469,000, and it costs…
A: Marginal profit is the change in profit from selling and producing an additional unit of output.
Q: Which of the following will lead to an appreciation of the U.S. dollar against the British pound?…
A: Money appreciation is an expansion in the worth of one cash according to another money. Monetary…
Q: The bonds offer a real interest rate of 4% pem The nominal interest rate on the bonds adjusts…
A: Loan costs address the expense of getting or saving, communicated as a level of the aggregate sum…
Q: 18. Suppose Sean always maximizes his utility. Last week, Sean ate 6 hamburgers and drank 3…
A: Here, it is given that Sean consumed 6 hamburger and 3 milkshake is the last week, while he consumes…
Q: 1.1) Describe a significant trade-off that you recently faced and give an example of some action…
A: Opportunity cost is gradually known to be as the overall potential loss from a certain amount of the…
Q: How is the “free-rider” problem so potentially vexing to the challenge of mitigatingclimate change?
A: Public goods are those goods which are non-rivalrous and non-excludable.
Q: Externalities and Public Goods: End of Chapter Problems 11. The Presidio, previously a military base…
A: Presidio sits in the middle of San Francisco which is considered one of the most valuable assets in…
Q: Looking at the output market, a decrease in the price of a factor of production will cause Group of…
A: Labor, capital and Land are examples of factors of production.
Q: Can innovation and new production technologies delay or stop the occurrence of diminishing returns?
A: Diminishing returns The diminishing returns is very much an economic principle that states that when…
Q: Draw a graph to represent the optimal hiring decision of the Halifax Regional School Board (a…
A: A monopsony is a market condition in which there is just a single purchaser, the monopsonist. Like a…
Q: Using Microsoft Excel, create an investment cash-flow diagram that will have a present worth of zero…
A: The present worth of an investment is the value of an investment that has been discounted from the…
Q: Problem (5): What is the Annual value of the following cash flow diagram. (use i-10 %) $3000 $2000…
A:
Q: Successful business managers have a good understanding of the environment in which the business…
A: Internal factors that can affect any business can include: 1- Communication and interaction among…
Q: Question 6 Hand written plzz Imagine that in a given point in time, t, we observe the following…
A: Answer - Expectation theory:- According to this the short term interest rates are in line of long…
Q: What is the difference between legality and intention?
A: The legality and intention are all the terms to make a contract legal. The contract will only become…
Q: Complete the table below by identifying the key events in the negotiations/talks between the…
A: According to the question, An agreement was signed between the Philippine government and the MILF ,…
Q: Question 20 Figure 2 reflects the market for outdoor concerts in a public park surrounded by…
A: Social cost includes all the cost the incurred during production and cost incurred by society.
Q: Please explain your understanding of the NSQHS Partnering with Consumers Standard and discuss with…
A: The National Safety and Quality Health Service (NSQHS) Standards provide a nationally consistent…
Q: A10. What is “relative inequality” and how is it measured? How is relative inequality different to…
A: Relative inequality The disproportionality of income is referred to as relative income disparity.…
Q: Prices in Country A sharply rose due to a supply shortage and led to high levels of inflation in the…
A: Inflation: - Inflation is the phenomenon of an increase in the prices of goods and services in an…
Q: Hand written plzz Part 1 The Federal Reserve buys $40.00 million in Treasury securities. If the…
A: Here, it is given that Bank holds an excess reserves apart from the required reserve ratio. This…
Q: How might productivity be measured in a dry cleaners?
A: Organizations should measure and evaluate their productivity levels to know how are they utilizing…
Q: According to the law of diminishing marginal utility: Omarginal utility falls with the extra…
A: The law of diminishing marginal utility depicts that the marginal utility derived from each extra…
Q: 1. How would you describe our current modern society if we were still using the barter system for…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Golden Age of fiscal policy is has all of the following, except: O under 2 percent inflation rate O…
A: The policy that uses the collection of revenue by the government through taxes or cutting back taxes…
Q: Which of the following will most likely cause a change in the natural rate of unemployment?…
A: Unemployment arises when workers who wish to work are unable to do so, resulting in a reduction in…
Step by step
Solved in 3 steps
- 1. Suppose that the Marginal Abatement Cost function and the Marginal Damage function for an industry are given as follows: For simplicity here, we are assuming that they are linear. a. Graph the MAC and MD curves for this industry. Make sure you are marking out any and all relevant axis intercepts. MAC 100- 0.8e MD = 0.2e b. Suppose that an emission tax is imposed to achieve the efficient outcome, at what value should the government set the tax? Explain. c. e. At the efficient tax established in part b. what is the expected level of emissions? Explain. d. At the efficient tax, what is the dollar amount of the tax payment by firms to the government? Explain. What is the total abatement cost incurred due to the tax? Explain. f. What is the total cost to the firm with this emissions tax? Explain. g. Which policy is more costly to the polluting firm? An efficient standard or an efficient emissions tax? Explain. Use numbers to support your answer. Hint for Question 1: remember from basic…Pre-mixed concrete is an important input for the construction industry. Concrete cannotbe stored or transported over long distances as it begins to set after only a few hours. Forthis reason, only the three local firms—Aggregate Inc., Big Industries and ConCorp—arein a position to compete in the market. Moreover, the capital and regulatory requirementsfor constructing a new concrete plant are substantial, creating an effective barrier to entry.Pre-mixed concrete is regarded as a homogeneous good by the construction industry.Inverse demand in the market has been estimated to be,P = 600 −Q/50,where P represents the price of a cubic metre of concrete in dollars, and Q is the totalnumber of cubic metres of concrete supplied into the market on a given day.At present the three firms appear have identical production costs, with each firm facingfixed costs of $400,000 per day and a marginal cost of $180 per cubic metre.Big Industries and ConCorp estimate that the proposed merger would reduce…2. The total cost (in thousands of pesos) of producing x HDTVS is C(x) = 50, 000 + 1,000x- -0.5a2 a. Find the cost of producing the 101st HDTV. b. Use the marginal cost to approximate the cost of producing the 101st HDTV. 3. Suppose that for a company producing r face shields per week, the cost (C) and revenue (R) functions are given by C(x) = 5,000 + 2x and R(x) at the rate of 500 face shields per week when production is 2000 face shields per week, find the rate of increase in the profit.(Hint: Profit is revenue minus cost) = 10x – 0.001x2, respectively. If production is increasing
- 500 450 The graph on the right may help in answering question 25 400 350 300 250 200 150 100 50 O 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 Quantity Demand MC Exter nality MC private MC Social A competitive tire manufacturing industry spews emissions into the air at47 per tire a marginal cost of 1.5-q, where q is the quantity of tires produced per month (in thousands). The industry marginal cost, excluding the cost of emissions (private marginal cost), is 4 + 4•q, expressed in $ per tire. The inverse demand curve for tires is p = 480 - 3-q, also expressed in $ per tire. In order to achieve the socially efficient level of tire production, which takes into account the optimal level of air pollution, the government levies a tax on the industry. What is the efficient pollution tax? $84 per tire $101 per tire $152 per tire Pricen order to create more jobs in the region, the local government gave permission to a foreign investor to build a chemical plant not far from a residential area. Analysts predict that real estate prices will drop by 15%15%. Currently, the total value of real estate is $40$40 million.Calculate the potential external cost for the residents in this area of building the chemical plant. Write the exact answer. Do not round.Environmental Economics. The equations below describe the marginal costs of abatement for three separate sources (as a function of pollution). %3D МC2 3D 24 - 2е2 МС3 %3 10 - е3/2 (Constructing a graphical presentation of the different cost functions may help) 1. What is the total cost of abatement if each source is forced to cut its pollution by half? 2. What are the cost-savings of an emissions price that achieves the same reduction as the command and control policy described in question 2?
- ADJ Enterprises produces hydrothermocorticoids. The table below shows the costs of producing various quantities of hydrothermocorticoids. Quantity Total Cost Average Cost 0 $0 -- 1 $10 $10.00 2 $12 $6.00 3 $15 $5.00 4 $19 $4.75 5 $24 $4.80 6 $30 $5.00 7 $45 $6.43 ADJ sells its hydrothermocorticoids for $5 each (that is the price regardless of the number of hydrothermocorticoids it sells). Use the Profit-Maximizing Rule to explain the quantity that ADJ should produce to maximize its profits. You may use a calculator. You should explain the details of any calculation you perform. You should identify, explain, and apply the concept you use to answer this question. To receive full credit, your explanation must show all steps in any calculations you perform. Your explanation must also incorporate the profit-maximizing rule – state what that rule is and explain how it applies to ADJ’s situation. Note that it is…Do introduction about celcomMr permise states I do not understand why anyone would suggest the use of taxes or regulations in pollution problems. Taxes are unfair and regulations are costly and inefficient. The best approach is to trust the market. Firms will control their emissons because it is cost effective for them to do so. The only policy they may need to applied is the use of market permits. Thismarket would function completely and permit prices would clearly represent all revlevant costs Discuss this statement
- 2:03 D 19 ll 37% Marked out of 30 P Flag question Suppose you are a manager of a County government project that is meant to provide rent-regulated housing units in low-income settlements. Using your knowledge of equilibrium, advice the Governor whether this policy will be a а. success. A Monopolist producing and supplying cooking gas to Mombasa city faces the demand b. function. = 8800 – 20P. Its cost function is given by TC = 20Q + 0.05Qʻ. Determine the quantity of cooking gas she will produce and the price she will charge to maximize profits and determine her profit. i. i. Explain how her profits she will affected if regulators forced her to operate like a perfectly competitive firm. ii. Illustrate and compute dead-weight loss and lost consumer surplus associated with her Monopoly operations. B I II II !!!Define (a) externalities and (b) sunk costs, andthen give examples of each that might be involvedin a proposal by an energy company to build anew coal-fired electric power generating unit. Howwould these factors be worked into the analysis?Urban transit systems, especially those with rail systems, typically experience significant economies of scale in operation. Consider the transit system data in Table 11.4. Note that the quantity is in millions of riders.