Answers: 2
Business, 22.06.2019 02:00
4. suppose that pollution in a neighborhood comes from two factories, with marginal benefit curves given by mb1 = 12 – p1 and mb2 = 8 – p2. the level of pollution in the neighborhood is given by p = p1 + p2. the government wants to limit pollution by instituting a pollution-rights market. the government’s desired level of p is 10, so it prints 10 pollution rights and offers them for sale to the firms.a)find the equilibrium selling price of a pollution right, as well as the allocation of rights (and hence pollution levels) across the two factories. b)repeat part (a) for the case where the government’s desired level of pollution equals 14. c)comment on the usefulness of a pollution rights market in achieving efficient levels of pollution abatement.
Answers: 2
Business, 22.06.2019 10:30
The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.
Answers: 1
Business, 22.06.2019 17:30
What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?
Answers: 1
Business, 23.06.2019 07:00
Witch design elements is used to organize used to organize the text in orderly fashion?
Answers: 1
A(n) is a document that formally recognizes the existence of a project and provides direction on th...
Mathematics, 17.10.2019 18:50
Spanish, 17.10.2019 18:50
Business, 17.10.2019 18:50
Mathematics, 17.10.2019 18:50
Arts, 17.10.2019 18:50
Mathematics, 17.10.2019 18:50
History, 17.10.2019 18:50
Social Studies, 17.10.2019 18:50