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
Evgesh-ka [11]
3 years ago
12

7. Two farmers, A and B, each apply 100 tons of manure on their fields. To reduce manure runoff, the government has decided to r

equire a permit for each ton of manure applied. The government gives each farmer 50 permits. Farmer A incurs losses of $25 for each ton of manure he does not apply, and Farmer B incurs losses of $50 for each ton of manure he does not apply. What is the total cost of reducing runoff if firms are not allowed to buy and sell permits from each other? What is the total cost of reducing runoff if the firms are allowed to buy and sell permits from each other?
Business
1 answer:
valentinak56 [21]3 years ago
8 0

Answer:

Explanation:

1) The total cost of reducing runoff if the farmers are not allowed to trade permits is:

total loss = farmer A' loss + farmer B's loss

where:

  • farmer A's loss = (100 - 50) x $25 = $1,250
  • farmer B's loss = (100 - 50) x $50 = $2,500

total loss = $1,250 + $2,500 = $3,750

2) The total cost of reducing runoff if the farmers are allowed to trade permits is:

Since farmer A will be willing to sell his permits to farmer B for a price that is ≥ $25 and ≤ $50, the total cost of reducing runoff is $2,500.

If farmer A sells his runoff permit at a price higher than $25 his costs will decrease but farmer B's costs will increase, so any gain due to price change is offset by the other farmer's loss.  

You might be interested in
In a floating exchange rate system, a current account deficit is likely to be corrected by :
antiseptic1488 [7]

Answer:

a. a depreciation of the home currency

Explanation:

Floating exchange rate system is a system in which the exchange rates of any currency depends upon the forex market, basically the supply and demand force of the country in international trade.

Depreciation in home currency will make it cheaper for the country top export, as less payment need to be made for same goods by other country if the home country exports.

Imports will turn expensive, which shall decline imports.

Accordingly receipts will increase and payments will decrease, which shall result in re framing current account and the deficit shall be decreased and might be reversed into surplus.

3 0
3 years ago
It is sometimes difficult to determine whether large corporations such as the Carlyle Group, or Wall Street overall, are expandi
goldenfox [79]

Answer:

rent seeking company

Explanation:

Currently most large corporations operate as monopolies or oligopolies which gives them huge market power and they generally abuse of it.

Rent seeking happens when companies (usually very large companies) increase their profits without an increase in productivity.

Corporations seek higher rent usually through lobbyists that obtain political favors for them, e.g. lower taxes, grants, subsidies, or tariff protection.

6 0
3 years ago
New correctional treatment specialists might be required to work under a trial period, called a(n)
Jet001 [13]
The trial period is called the probationary period. Typically last 90 days & the employee as well as the employer can end the work relationship without reason or cause. Sometimes the job fit is not right but at least this gives both parties to see how the situation works.
7 0
2 years ago
The charts that are helpful in making comparisons between categorical variables are a. bar charts and column charts. b. scatter
saul85 [17]
The answer (A)

Bar charts and Column charts
5 0
3 years ago
If the windshield division is operating at full capacity, what transfer price should be used on transfers between the windshield
Nikolay [14]

The possible transfer prices that could be used on transfers between the Windshield and Assembly divisions is $200 to $450.

The first piece of glass you see on most cars is the windshield. Also known as European car windshield. Windshields play an important role in supporting the vehicle structure and protecting the driver and passengers. The windshield protects occupants from wind, dust, insects, rocks and other flying objects and provides an aerodynamically shaped front panel. By applying UV coating, you can block harmful ultraviolet rays.

However, most car windows are made of laminated safety glass, so this is usually unnecessary. Most of the UV-B is absorbed by the glass itself and the remaining UV-B is absorbed by the PVB tie layer along with most of the UV-A.

Learn more about windshields brainly.com/question/15532277

#SPJ4

7 0
2 years ago
Other questions:
  • The story of the Reset Button is an example of a noise caused by (select all that apply)
    12·1 answer
  • Supposed that you decide to borrow $40,000 for a new car you can select one of the following loans each requiring regular monthl
    13·1 answer
  • Maxim manufactures a cat food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable
    6·1 answer
  • The amount borrowed when taking out a loan
    15·1 answer
  • Suppose the United States can produce two goods, cloth and tea. Suppose there was a technological breakthrough in making cloth O
    11·1 answer
  • Let assume that the reserve ratio is 15% and there is an additional reserve of $400. How much extra money supply can be created
    7·1 answer
  • Drake Custom Cycles' common stock currently pays no dividends. The company plans to begin paying dividends beginning 3 years fro
    13·1 answer
  • Select all that apply Job cost sheets can be used to: (Check all that apply.) Multiple select question. provide a subsidiary led
    9·1 answer
  • Gray Corp. employees work 2 hours on each of the 200 units that they produce and are paid $8 per hour. The standards for Gray Co
    12·1 answer
  • True or false A contract is a type of government protection?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!