Business, 05.04.2021 02:20 hayden5928
Which of the following is concerned with the distribution part of resource allocation?
a. An economy decides to ration 40 percent of its output to low income groups.
b. An economy decides to produce equal quantities wheat, rice, and clothes.
c. An economy decides to use 25 percent of the available capital for producing clothes.
d. An economy decides to use more labor for producing wheat and rice.
Answers: 1
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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.
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Business, 22.06.2019 15:40
The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.
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Which of the following is concerned with the distribution part of resource allocation?
a. An econom...
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