1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ICE Princess25 [194]
3 years ago
8

Firm A currently dumps 157 tons of chemicals into the local river. Firm B currently dumps 183 tons of chemicals into the local r

iver. The government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. The government gives each firm 11 pollution permits. The abatement costs of one ton of pollution is $160 for Firm A and $65 for Firm B. What would be the total cost of reducing pollution, if the firms are allowed to trade permits between each other?
Business
1 answer:
Kruka [31]3 years ago
3 0

Answer:

$20,670

Explanation:

                                               Firm A                   Firm B

Actual Dumping                         157                        183

Pollution Permits Allotted          <u> 11  </u>                        <u>  11  </u>

Reduction Required                   146                        172

Cost of Dumping 1 ton              $160                      $65

As the cost of dumping to Firm A is $160 which is higher than the marginal cost of dumping of Firm B which is $65, so it is better that Firm B take benefit from it by selling it at $65. So now total tons require dumping is 318 tons (146 + 172).

Total cost of reducing pollution = 318 tons * $65 = $20,670

You might be interested in
500 divided by 2/3 = 500 * blank = blank feet <br><br><br>please help me
irina [24]

Answer:

500 divided by 2/3 = 500 * 3/2= 750

Explanation:

You have to interchange the fraction 2/3. The denominator becomes the numerator and vice versa.

2/3 becomes 3/2

500 divided by 2/3 = 500 * 3/2

500 divided by 2/3 = 750

500* 3/2 is the same as 500 x 1.5 = 750

7 0
3 years ago
According to the AD-AS model, if the economy is initially at its long-run potential growth rate, then a temporary increase in th
ivann1987 [24]

Answer:

C:an increase in both the inflation and real growth rates in the short run.

Explanation:

According to the AD-AS model, if the economy is initially at its long-run potential growth rate, then a temporary increase in the growth rate of investment spending will cause an increase in both the inflation and real growth rates in the short run.

8 0
3 years ago
You are considering investing in a GM bond with 7 years to maturity. The face value of the bond is $1,000. The coupon rate is 6%
Lapatulllka [165]

Answer:

Price of bond is = $ 1057

Explanation:

As we know that;

Price of bond = C * [1-(1+r)∧-n] / r  +   F / (1+r)∧n

where C = periodic coupon payment = 1000 * 6%= 60

         F = Face value of bond = 1000

        r = yield to maturity = 5% = 0.05

        n = number of periods till maturity = 7 years

         Putting values;

              = 60 * [ 1- (1+ 0.05)∧-7 ]/ 0.05  +  1000 / (1+0.05)∧7

              = 60 * (0.2893 / 0.05) +   710

             =  60 * 5.786 +  710

              =  347.16 +710

              =  1057

6 0
3 years ago
Steve sells his home to Srivani and ends up with a producer surplus of $100,000. Srivani has a consumer surplus of $1,000 from t
amid [387]

Answer:

Both parties experience surplus, but there is inequity because Steve has a much larger producer surplus

Explanation:

The options to this question wasn't provided. Here are the options : Both parties experience surplus, but there is inequity because Steve has a much larger producer surplus. Both parties experience surplus, so the transaction was equitable. Only Steve benefits from the sale. Srivani will not be happy with her purchase.

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Producer surplus is the difference between the price of a good and the least amount the seller is willing to sell his good.

While both parties earn a surplus, the producer surplus exceeds the consumer surplus . Therefore, the seller benefited more from the trade than the consumer.

I hope my answer helps you

3 0
3 years ago
During 2017 sales on account were $390,000 and collections on account were $230,000. also, during 2017 the company wrote off $22
Scilla [17]

Answer:

[(Accounts receivable at the beginning of the year + $138,000) - $144,000] - cash realizable value at the beginning of the year

Explanation: The question is incomplete but just apply the missing figures: [(Accounts receivable at the beginning of the year + Sales on account - Collections on account - write off) - bad debt] - cash realizable value at the beginning of the year

[(Accounts receivable at the beginning of the year + $390,000 - $230,000 - $22,000) - $144,000] - cash realizable value at the beginning of the year

5 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following is TRUE regarding​ computer-aided design?
    12·1 answer
  • Chhom Corporation makes a product whose direct labor standards are 0.9 hours per unit and $30 per hour. In November the company
    10·1 answer
  • William uses his bank credit card frequently; however, he always pays off the total balance on the card each month. what feature
    6·1 answer
  • Which of the following is an example of the legal/regulatory environment surrounding advertising and promotional activities of b
    13·1 answer
  • Rousey, Inc., had a cash flow to creditors of $16,965 and a cash flow to stockholders of $7,559 over the past year. The company
    6·1 answer
  • An efficient market reflectsA) only historical information.B) only the information related to events that have already occurred.
    10·1 answer
  • Dan is excited to start marketing and selling his new indoor practice hockey tarps and would like to start today. He already has
    10·1 answer
  • ) Which protections exist under the Servicemembers Civil Relief Act? Check all that apply.
    6·1 answer
  • Scrappers Supplies tracks the number of units purchased and sold throughout each accounting period but applies its inventory cos
    12·1 answer
  • Your company wants to set aside a fixed amount every year to a sinking fund to replace a piece of industrial equipment costing $
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!