Given this quantity of permits, the price for each permit in the market that the U.S government should charge for pollution rights will be <u>$45</u> as this ensures the socially optimal quantity of pollution, which could have been imposed as a tax.
<h3>What are pollution rights?</h3>
Pollution rights are the rights given to firms in an economy to buy and sell government-issued licenses or permits.
Pollution rights or permits grant the holders the right to create and release a certain amount of pollution that achieves the socially optimal quantity.
Thus, given the number of permits, the price for each permit in the market that the U.S government should charge for pollution rights will be <u>$45</u>.
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Answer:
Double coincidence of wants
Explanation:
In a barter system, there has to be double coincidence of wants. This means that both parties to a trade who have something the other party wishes.
For example, if I have fish and I want cereals which i don't have. you want fish but you don't have it but you have cereals. I could give you my fish and you can give me your cereals
Answer:
Defination-
A business objective is a result that a company aims to achieve.
10 Most Important Business Objectives
1. Getting and Staying Profitable
2. Productivity of People and Resources
3. Excellent Customer Service
4. Employee Attraction and Retention
5. Mission-driven Core Values
6. Sustainable Growth
7. Maintaining a Healthy Cash Flow
8. Dealing with Change
9. Reaching the Right Customers
10. Staying Ahead of the Competition
Answer:
Option (C) Controlling
Explanation:
The budget set is part of planning but variance analysis conducted time to time is reflection of emphasizing control over the operations of the company. The manager tries to better allocate the resources of the firm to increase the efficiency and economical flow of operations.
