Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 8 - E. If the firm adopts new pollution abatement technologies, then its marginal abatement cost function will become MAC = 4 - 0.5E. With an emissions tax of $2, the benefits of adopting the new technologies equal $____.
Q: Real GDP in a Solow Growth economy is determined by Y = K^1/2(AL)^1/2. The rate of depreciation is 2…
A: The purpose of this question is to explain rate of depreciation is 2 percent per year. The…
Q: Empirical results suggest that the COVID-19 shock was felt more by US banks than banks located…
A: The statement "Empirical results suggest that the COVID-19 shock was felt more by US banks than…
Q: Large differences regarding health policy exist between those on the political left and those on the…
A: The question is asking us to identify which cost-containment approach in health policy would be…
Q: 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1.7 1.0 1.0 1.3 1.3 1.6 2.9 3.1 4.2 5.5 Inflation…
A: The importance of the Phillips curve lies in its role in comprehending the interaction between…
Q: XYZ Corporation is trying to decide whether it should buy money market instruments or leave its…
A: The objective of the question is to identify the advantages of buying money market instruments over…
Q: 1. (Figure 9.7) The levels of producer surplus under monopoly and perfect competition are Price (S)…
A: Producer surplus refers to the total amount that a producer benefits from producing and selling a…
Q: Amerika lifts the quota that it applies on the products that it imports from Euro Area and at the…
A: 1. America removes import quotas on Eurozone products.2. American demand is migrating away from EU…
Q: X has 20 tokens for the Church Raffle. A pizza slice cost 2 tokens and tickets to the state fair…
A: There are 20 tokens with X.The pizza slice costs 2 tokens.The ticket fare to visit the state fair is…
Q: Given the total utility function for a consumer, consuming two goods is U = x+2y + xy +2 the prices…
A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…
Q: QUESTION 30 Which of the following is considered a positive externality? OSmoking cigarettes…
A: The objective of the question is to identify which of the given options is considered a positive…
Q: The following question is based on the model of Diamond and Dybvig (1983). There are three dates t =…
A: The objective of an investment fund is to maximize the wealth of its shareholders, given investments…
Q: Increasing returns and imperfect competition: (a) The production function for the word processor is…
A: The aim is to explain the reasons for increasing returns observed in the production function and its…
Q: Could you explain the causes of Inflation in Turkey?
A: Inflation is a general increase in prices and fall in the purchasing value of money. In the case of…
Q: Margot the octopus has 5 right and 3 left legs. She is crazy about shoes and will only wear matching…
A: U(q1,q2) = min [3q1,5q2]q1 = number of right shoes q2 = number of left shoesOctopus income is =…
Q: A Section 1115 demonstration waiver led directly to ____. a. the expansion of home- and…
A: The objective of the question is to identify the direct outcome of a Section 1115 demonstration…
Q: Will the government budget deficit lead to lower consumption by consumers in the long run? OA. No,…
A: the answer to the question is C.. Yes, the lower output per worker will translate into lower…
Q: Which of the following is impossible for a country to choose simultaneously? Question 17 options:…
A: The question is asking us to identify which combination of economic policies is impossible for a…
Q: Price (dollars per packet) 4.00 4.10 4.20 4.30 4.40 4.50 4.60 4.70 4.80 4.90 5.00 Quantity Quantity…
A: Equilibrium conveys a condition of harmony or steadiness where conflicting forces or influences…
Q: Consider the following data on a firm: Number of Units Sold Total Revenue (£'s) 10 20 30 40 50 60 70…
A: The objective of the question is to analyze the firm's financial data to determine the price and…
Q: A country is growing at 3%
A: The debt-GDP ratio is defined as the ratio of total government debt to the GDP which is determined…
Q: market price? How many tons of paper will be produced per year at that price?
A: “Since you have posted a question with multiple sub-parts, we will provide the solution only to the…
Q: Gold is included in which of the following measures of the money supply of the United States? Select…
A: The question is asking about the classification of gold in the measures of money supply in the…
Q: The aggregate supply/demand model s
A: The entire amount of products and services required by all economic sectors over a specific period…
Q: Analysis of the Great Depression indicates that a. even though monetary and fiscal policies were…
A: The objective of the question is to understand the economic conditions and policies during the Great…
Q: Suppose the accompanying figure shows the demand curve, marginal revenue curve and marginal cost…
A: The concept of CS helps to conclude the benefits received by the purchaser from purchasing a…
Q: If in an economy the government increases the income tax of the investors under the conditions of…
A: The purpose of this question is to show the economy with perfect capital mobility, changes in…
Q: DISCCUSSION Consider non-fiscal barriers to the free movement of goods: quantitative restrictions,…
A: Non-fiscal barriers are impediments that prevent goods from moving freely between EU member states…
Q: 15) When the nominal exchange rate in terms of dollars per yen rises, A) the dollar buys more yen…
A: Exchange rate:It is the price at which currencies are exchanged for another foreign money. It…
Q: (a) For the cost function C(w₁, W2, y) 2y ww, calculate the Allen elasticity of substitution between…
A: The purpose of this question is to determine if the market is in its long-run equilibrium, consider…
Q: Place the grey point (star symbol) in the appropriate location on the graph to indicate the monopoly…
A: A monopoly is a market structure where numerous buyers and a single seller coexist. In the market,…
Q: Which one of the following represents the presentvalue of the interest tax shield?a. D/ (1 T)b. lc…
A: The present value of the interest tax shield refers to the value today of future tax savings that a…
Q: A policy that results in slow and steady growth of the money supply is an example of A-an “easy”…
A: The question is asking to identify the type of monetary policy that results in a slow and steady…
Q: Draw a Phillips curve graph here that shows a natural rate of unemployment of 4% and a current…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: 1. The MRP curve for labor: A. intersects the firm's labor demand curve from above. B. is…
A: The objective of the question is to understand the relationship between the Marginal Revenue Product…
Q: What is the relationship between average variable cost and marginal cost? a) They are always equal…
A: Prior to diving into the connection between average variable cost (AVC) and marginal cost (MC), it's…
Q: Final grade BRS응응응응ㅇ 70 60 40 20 10 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Hours of…
A: The aim is to analyzing the optimal choice of free time and grades, we consider the relationship…
Q: Price discrimination OA. is the practice of giving preferential treatment to certain groups of…
A: The objective of the question is to identify the correct definition of price discrimination among…
Q: Refer to the data in the table below. Suppose that the present equilibrium price level and level of…
A: Initial equilibrium price level is 100. Initial equilibrium real GDP is $255.The aggregate supply in…
Q: Microeconomics includes all of the following EXCEPT. (A) the effect of increasing the money supply…
A: Microeconomics is a part of economics that focuses on the ways of behaving and interactions of…
Q: Suppose that the fixed costs of 0.72 consist of an attributable fixed cost for good 1 of 0.12, an…
A: The purpose is to find out if Ramsey's prices are free. The several steps, including deriving…
Q: Returns to scale in production: Recall that a production function F(K, L) exhibits constant returns…
A: The purpose of this question is to show the analysis that determine how a relative change in inputs…
Q: Consider the ivory market once more. Starting from an equilibrium at point A in Figure 11.2, suppose…
A: The black marketing occurs when the supply of goods is scarce. As the supply reduces, the price…
Q: TABLE 12-1 Income, Expenditure, and the Current Account The table shows data for the United States…
A: A current account deficit arises when a nation's spending exceeds the income generated from exports.…
Q: According to table 1.1, which location has a comparative adantage in the production of a pair of red…
A: The advantage is the condition that puts one party in favorable position. In international trade,…
Q: GDP is the total market value of goods and services produced ina country in a year. Google the GDP’s…
A: The purpose of this question is to show the analyzing the GDP of different countries allows is to…
Q: current account
A: The balance of payment (BoP) is a systematic record of a country's financial transactions with the…
Q: Fixed Costs are £100, Variable costs are constant at £3 per unit produced. (i) Write a table showing…
A: Total Revenue (TR): This is the total income a firm receives from selling a given quantity of goods.…
Q: 2. A firm has the choice between producing product A, B, or C. In producing the products the firm…
A: Profit:The profit is calculated by subtracting all costs that are incurred in the process of…
Q: Game Theory: A game between two friends) (a) Write down the set of pure strategies for each player,…
A: The purpose of this question is to show the analyze strategic communication using game theory. Game…
Q: Suppose that your business has an opportunity to buy a machine that produces widgets. The machine…
A: Every consumer always looks to reduce the price at which they purchase a product. However, most…
Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 8 - E. If the firm adopts new pollution abatement technologies, then its marginal abatement cost function will become MAC = 4 - 0.5E. With an emissions tax of $2, the benefits of adopting the new technologies equal $____.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
- Imagine a firm’s marginal abatement cost function with existing technologies is: MAC = 18 – 2E. If the firm adopts new pollution abatement technologies, its marginal abatement cost function will be: MAC = 9 – E. With a tax on emissions of $4, the benefits of adopting the new technologies are $____Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 18 - 2E. If the firm adopts new pollution abatement technologies, then its marginal abatement cost function will become MAC = 9 - E. With an emissions tax of $4, the benefits of adopting the new technologies are $____.Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 18 - 2E. If the firm adopts new pollution abatement technologies, then its marginal abatement cost function will become MAC = 9 - E. With an emissions tax of $4, the benefits of adopting the new technologies are $____. THE ANSWER IS NOT 5.
- Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 12 - E. If the firm adopts new pollution abatement technologies, then its marginal abatement cost function will become MAC = 6 - 0.5E. With an emissions tax of $3, the benefits of adopting the new technologies equal $__. Please round your final answer to two decimal places if necessary. Answer:Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 12 - E. If the firm adopts new pollution abatement technologies, then its marginal abatement cost function will become MAC = 6 - 0.5E. With an emissions tax of $4, the benefits of adopting the new technologies equal $____. Please round your final answer to two decimal places if necessary. THE ANSWER IS NOT 16 Maybe 4?Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 18 - 2E. If the firm adopts new pollution abatement technologies, then its marginal abatement cost function will become MAC = 9 - E. With an emissions tax of $4, the benefits of adopting the new technologies are $____. (Hint: recall that the benefits of adopting new technologies is simply the difference in total compliance costs.) Please round your final answer to two decimal places if necessary. Answer: ? Not 5
- Imagine a firm’s marginal abatement cost function with existing technologies is: MAC = 100 – 2E. If the firm adopts new pollution abatement technologies, its marginal abatement cost function will be: MAC = 50 – E. If the government raises the tax on emissions from $4 to $12, the benefits of adopting the new technologies increase by $____Imagine a firm’s marginal abatement cost function with existing technologies is: MAC = 24 – 2E. If the firm adopts new pollution abatement technologies, its marginal abatement cost function will be: MAC = 12 – E. The adoption costs for the new technology are $2. If the government raises the tax on emissions from $2 to $4, the firm's total costs increase by $_____. Select one: a. $19. b. $15. c. $16. d. $21. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.A firm’s own MAC function = -29Q + 298. Suppose the emission tax is $95/ton/month. a. Draw the firms’ MAC curve and find the efficient level of emissions for the firm. b. Then what would be the total tax bill and total abatement cost at the efficient level of emissions? As a result, what would be the total cost for the firm? c.Explain why the firm would not reduce its emissions to 1 ton/month. Please explain each carefully.
- Consider two firms with the following marginal abatement costs (MAC) as a function of emissions (E): MAC1 = 10 - 2E1 MAC2 = 4 - E2 If both firms cut their emissions to zero, then total abatement costs (TAC) for both firms is ____. THE ANSWER IS NOT 17Imagine a firm’s marginal abatement cost function with existing technologies is: MAC = 12 – E. If the firm adopts new pollution abatement technologies, its marginal abatement cost function will be: MAC = 6 – 0.5E. With a tax on emissions of $4, the benefits of adopting the new technologies equal:Select one:a. $9.b. $4.50.c. $8.d. $4.A polluting firm’s marginal abatement cost is MACi = 50 – 0.25ei . If a regulator imposes a per-unit emissions tax of t = 10, what level of emissions does the firm choose under the tax? A polluting firm’s marginal abatement cost is MACi = 50 – 0.25ei . If a regulator imposes a per-unit emissions tax of t = 10, how many units did the firm abate relative to the unregulated environment?
