Answer:
D. The present value is the value in the future of a sum of money to be received today and in general is less than the future value
Explanation:
Answer:
Downward communication
Explanation:
Within an organization, downward communication refers to any communication that starts in a higher level of the organization and flows to a lower level of the organization.
In this case, since the board of directors is the highest level of a corporation, any communication that is sent to other parts of the corporation will always be downward communication.
Answer:
a. the cost of reducing it's existing pollution by one unit.
Explanation:
Marginal cost refers to the addition to total cost when one more unit of output is produced. Marginal cost in the given case would refer to the additional cost incurred for reducing the current pollution level by one unit.
In the given case, a firm is charged $250 for each unit of pollution emitted under the pollution tax option.
It is also stated that all the firms experience increasing marginal costs of pollution reduction.
This means, as additional units of pollution are reduced, the additional costs would go on increasing.
If a firm finds that, reducing 1 unit of pollution from the current level costs it equal or more than $250, it will opt to pay $250 since, for each subsequent unit of pollution reduction, the additional costs would rise.
