Options :
A) society would be better off with zero pollution.
B) society would be better off if emissions were increased.
C) command and control policies should always be used.
D) Society would be better off if emissions were reduced
Answer:
Explanation: The marginal damage resulting from an emission refers to the extra damage resulting from the extra unit of emission released. Whereby the marginal cost of abatement refers to the cost incurred in reducing one extra unit of pollution. Taking a look at the cost of marginal damage incurred, which is $100billion and the marginal cost of abatement which is $180 billion. From an economic standpoint, aive the abatement cost considerably outweighs the marginal damage, it spending $180 billion to cover for a loss of $ 100 billion seems unreasonable. Therefore the society will be better off if emissions were increased.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
The profit-maximizing firm model produces for maximum profits where mr = mc and charges a higher price and produces less than the lowest cost output per unit (atc). Profit maximization is the process by which businesses ensure that the best output and price levels are achieved in order to maximize their returns.
The firm adjusts influential factors such as sale price, production cost, and output levels to achieve its profit goals. The production quantity where marginal revenue equals marginal cost is where the monopoly can make the most money: MR = MC.
If the monopoly produces fewer units, MR > MC at those levels of output, and the firm can increase profits by increasing output. Find cheaper raw materials than those currently in use as an example of profit maximization. Find a supplier who provides better prices on inventory purchases.
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Answer: It provides a set of developmental experiences that managers must complete to be considered for top management positions.
Explanation:
Succession Planning which is also called Replacement Planning helps a company properly plan for the transitioning from the current leaders to Future Leaders when their time comes. In large Corporations it is usually the job of the Top Management including the Board of Directors.
Succession Planning identifies potential replacements whether they are in the company or outside it with the chief difference in treatment being that a potential leader identified inside the company will probably be groomed for it.
Succession Planning lists the criteria for a person to be considered for a top job and these include developmental experiences that a potential leader must have completed to enable them compete for the top job.
Succession planning is very important as it ensures continuity whilst giving employees hope that they will be more successful in a company in future.
Answer:
Starting 2019, the federal gift tax exclusion is $15,000 per children or grandchildren. That amount was supposed to be increased with inflation during 2020, but I couldn't find any new amount.
total tax free gifts = ($15,000 x 3 children) + ($15,000 x 4 grandchildren) = $105,000
The $105,000 given today will decrease the $11.4 million lifetime exemption allowed for estate taxes.
