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Anastaziya [24]
3 years ago
10

The total dollar value of bison killed from Huntington Forest is f(b)=42b-1.1b^2, where b is the number of bison killed. The mar

ginal cost of killing bison is 0. What is the optimal bison-killing tax (per bison) to avoid the tragedy of the commons in this forest?

Business
1 answer:
balandron [24]3 years ago
3 0

Answer: 20.99

Explanation:

The optimal bison-killing tax is 20.99

Before the optimal bison-killing tax (per bison) is gotten, we had to calculate the optimum amount of killing first which is represented by b.

After b has been gotten, the value of b was 19.1 and this was slotted into the tax in order to get the value of t.

The analysis and explanation has been attached below

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Ad valorem tariff

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Ad valorem tax is defined as, any tax  based on the money related estimation of the burdened thing. Truly the term signifies "as per esteem." Traditionally, most traditions and extracts had "explicit" rates; the assessment base was characterized regarding physical units, for example, gallons, pounds, or individual things.

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4 years ago
which area(s) represent the amount of consumer surplus domestic consumers will enjoy after the tariff has been imposed?
shusha [124]

According to the graph A + B + C + D + E + F + G it represent the amount of consumer surplus domestic consumers will enjoy after the tariff has been imposed.

<h3>What concept will be applied when the domestic nation acts as a price taker, and its consumption and production have no impact on the global price?</h3>

Due to its tiny size in comparison to global markets, the domestic market is a price taker, and neither its production nor consumption affects global prices. Therefore, the nation uses the international price as the domestic price for any good, service, or resource.

<h3>What distinguishes a tariff imposed by a big country from a small country's tariff?</h3>

Due to its size, the huge nation's tariff not only lowers the amount of the thing that is sought, but it also could lower the product's global price.

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4 0
1 year ago
Robert was employed as a sales representative by the United States Steel Corporation. It had a "whistleblowing" policy and proce
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Answer:

D) fulfilled his ethical obligations as a salesperson because he followed company policy concerning unsafe products.

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Robert did the right thing, he reported a possible error that could have harmed other people and eventually could have been a major legal cost for the company.

The company's policy about anyone being able to complain about possible errors is very good, even if it was unnecessary in this case. It can help prevent other potential problems.

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3 years ago
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