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enyata [817]
3 years ago
13

There is an oil refinery located on a river. A fish farm is located in the bay, and is adversely affected by the oil refiner’s w

ater pollution. More oil produces more pollution, and more pollution increases the fish farmer’s costs. The price for refining a barrel of crude oil is po = 200, and the price of a unit of fish is pf = 500. Let o and f represent the quantities of oil refined and fish produced by the two firms, respectively. The oil refiner’s cost is Co(o) = o^2, and the fish farmer’s cost function is Cf(f,o) = f^2+o^2. The fact that o shows up in Cf reflects the negative externality.
(a) How much do the firms produce in a decentralized market equilibrium?

(b) Show that the decentralized market solution is Pareto inefficient.

(c) Find the Pareto efficient allocation of o.

(d) Suppose that the government imposes a tax on the oil refiner that makes the oil refiner pay $t per unit of output produced. Is there a t that induces the Pareto efficient level of o?

(e) Suppose that the fishery has the right to a pollution-free environment. Suppose that given this the fishery can bargain with the oil refiner over o, and suppose that the bargaining process is such that the fishery makes a take-it-or-leave it offer to the oil refiner, and the offer can either be accepted or rejected. The offer allows the refiner to produce a certain level of o in exchange for a payment from the refiner to the fishery. If the offer is rejected the oil refiner is not allowed to produce. What will be the outcome of this bargaining process in terms of the quantity of o produced?
Business
1 answer:
Galina-37 [17]3 years ago
6 0
D. Suppose that the government imposes a tax on the oil refiner that makes the oil refiner pay twice per unit of output produced. is there T that induces the Pareto efficient level of o
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A resume is brief information of a person’s education, previous experience, and qualifications to send along with job application. After the submission of the resume by the person through the mail, he should hold for at least 1 week before following up with the employer.

<h3>Submitting a résumé electronically</h3>

Correct option is C.

People should you wait for at least "2-3 days" before following up with an employer.

  • After submitting a resume by mail, you should wait one week before following up with an employer. It is necessary to give ample time for the resume to make it in the mail and a chance for the company or individual to review your resume.

  • It typically takes 2-3 business days for an item to travel by mail so calling 1 day later or 2-3 is likely too soon whereas, 2 weeks may be too long.

Learn more about résumé, refer to the link:

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Doodle Corporation, a manufacturer of safety pins, decided that the company had to increase the awareness of its glow-in-the-dar
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Objective and task budgeting method

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Doodle set its specific goals:

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8 0
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Pls help me!! And thank you so much
marshall27 [118]
The answer will be C

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3 0
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Which of the following statements explain(s) how the accounting equation applies to business?( check all the apply)
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The statements that explain how the accounting equation applies to business are:

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<h3>How does the accounting equation apply in business?</h3>

The accounting equation is given as:

Assets = Equity + Liability

This shows that everything that a business owns (assets) is only acquired thanks to the amounts that the owners ( equity) and creditors (liability) give.

It also shows how assets, liabilities and equity are related and therefore applies to all the monetary transactions in the business as it shows how the cash is affected when it is spent or received.

Find out more on the accounting equation at brainly.com/question/24401217

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1 year ago
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Answer: -13.35%

Explanation:

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