Question there are three industrial firms in happy, Ask an Expert

Economics

Question: There are three industrial firms in Happy Valley:

Firm A- Pollution Level=70 Units Cost to reduce Pollution=$20/Unit

Firm B- Pollution Level=80 Unites Cost to reduce Pollution= $25/Unit

Firm C- Pollution Level=50 Units Cost to reduce Pollution=$10/Unit

1.The government is considering options to reduce the pollution level to 90 total units. Suppose they decide to impose a 30 unit cap per firm. What would the total cost of the pollution cap be?

2. Suppose the government decides to impose a pollution tax of $21 per unit. This tax will reduce the overall level of pollution to how many units?

3. How much tax revenue would a $21 per unit pollution tax generate?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93125279

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question the state of colorado requires oil and gas

Question: The state of Colorado requires oil and gas companies who use fracking techniques to return the land to its original condition after the oil and gas extractions. Table 12.9 shows the total cost and total benefit ...

Question an economist claims productivity is the key to

Question: An economist claims: "Productivity is the key to increasing material living standards. Defend this statement using the Solow Growth Model. Explain fully and illustrate with the appropriate graphs. The response ...

Question - lolita an intelligent and charming holstein cow

Question - Lolita, an intelligent and charming Holstein cow, consumes only two goods, cow feed (made of ground corn and oats) and hay. Her preferences are represented by the utility function U(x, y) = x - x2/2+y, where x ...

Critical thinking business example calculating thenbspprice

Critical thinking business example: Calculating the price elasticity of demand You are the owner-manager of the Alt Heidelberg Restaurant. One entree on the menu is Steak Tartar Heidelberg. Last year this time, sales we ...

Question the equation describing the evolution of capital

Question: The equation describing the evolution of capital stock per worker in an economy is the following: K t+1 /N-K t /N = sY t /N-dK t /N; where K is capital stock, N labor, Y output, s the saving rate and d the depr ...

Question table shows how the average costs of production

Question: Table shows how the average costs of production for semiconductors (the "chips" in computer memories) change as the quantity of semiconductors built at that factory increases. a. Based on these data, sketch a c ...

Qestion in the market for corn the supply curve is qs -2

Question: In the market for corn the supply curve is QS = -2 + P and the demand curve is QD = 10 - P. Solve these for equilibrium price and quantity. Now assume that producers in Illinois grow 10 percent of that output. ...

Question ge marine systems is planning to supply a japanese

Question: GE Marine Systems is planning to supply a Japanese shipbuilder with aero-derivative gasturbines to power 11 DD-class destroyers for the Japanese Self-Defense Force. The buyercan pay the total contract price of ...

Question a share of sox- a maker of disposable socks - is

Question: A share of Sox- a maker of disposable socks - is expected to pay a dividend of $1.25 next year. The dividend is expected to grow 5% each year thereafter indefinitely. The appropriate discount rate for this inve ...

Question in 2007 david beckham the famous soccer player

Question: In 2007 David Beckham, the famous soccer player from England, decided to leave his job to open Man-U shop , his own sporting goods store, in Thailand. By locating Man-U shop halfway between Central World and Pa ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert