Answer:
Government Solution : Pollution Emission Permits, 'Cap & Trade' pollution Economic Incentive, Pigovian Tax
Explanation:
Pollution is a negative externality, which has extra negative side effect (social cost), not accomodated in the market price.
The optimal pollution level is where : marginal cost of pollution abatement = marginal benefit from pollution abatement. Given, government knows the marginal cost of abatement (firm cost to reduce cost at each quantity) & the determined optimal quantity of population.
Then, it should allocate the optimal pollution level as 'pollution emission permits' among all the pollutant firms. 'Cap & trade' system can also be used as economic incentive. It implies firms having less pollution emissions than the pollution emission permits, can sell their pollution permits to other firms, needing to emit pollution more than the permissible limit. Government can also apply pigovian tax = marginal social cost of the extra pollutant emission at the optimal level, to ensure pollution emission at optimal level.
The answer is d) all the answers are correct
Answer:
Through the purchasing decisions they make
Explanation:
An example might be that a producer would stop producing an item if very few consumers buy it.
Efficiency wage theory argues that the productivity of workers will increase if they are paid more, and so employers will often find it worthwhile to pay their employees somewhat more than market conditions might dictate.
Employers who offer efficiency salaries above the minimum wage do so to keep skilled people on staff, boost output, or maintain loyalty. The efficiency wage theory explains why businesses are hesitant to reduce pay even in the face of heightened competition or during recessions.
Workers may experience unemployment because they are paid more than the equilibrium pay, which draws in more workers. Therefore, in contrast to theories that place a strong emphasis on government intervention, such as minimum wages, efficiency wages offer a market failure explanation of unemployment.
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The correct statement is that the function that represents the total amount Mario will save over such number of years is . So, the correct option is B.
Savings are such amounts which are accumulated by a person by making recurring or lump sum contributions into investment instruments offering a fixed and secured rate of returns.
<h3>Calculation of savings and investments </h3>
The formula for calculation of savings can be done by way of calculation of interests that Mario earns over his investing of $1500 in the savings account every year at 2 percent interest.
This function of savings can be shown by the equation . The calculation of further $50 cash settlements, over which no interests are earned, is represented by .
Now, the summation of these two equations will be the total savings of Mario for the number of years he keeps continuing to invest such amounts. This can be represented by
Hence, the correct option is B that the function that represents the total amount Mario will save over such number of years is .
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