Now suppose the u. s. government does not know the demand curve for pollution and, therefore, cannot determine the optimal tax to achieve the desired level of pollution. instead, it auctions off tradable pollution permits. each permit entitles its owner to emit one ton of sulfur dioxide per day. to achieve the socially optimal quantity of pollution, the government auctions off 120 million pollution permits. given this quantity of permits, the price for each permit in the market for pollution rights will b

In order to minimize project risk which step comes after the step of identifying risks

Your subscription to investing wisely weekly is about to expire. you plan to subscribe to the magazine for the rest of your life, and you can renew it by paying $85 annually, beginning immediately, or you can get a lifetime subscription for $620, also payable immediately. assuming that you can earn 6.0% on your funds and that the annual renewal rate will remain constant, how many years must you live to make the lifetime subscription the better buy?

After hearing a knock at your front door, you are surprised to see the prize patrol from a large, well-known magazine subscription company. it has arrived with the good news that you are the big winner, having won $21 million. you have three options.(a) receive $1.05 million per year for the next 20 years.(b) have $8.25 million today.(c) have $2.25 million today and receive $750,000 for each of the next 20 years.your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments.