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jarptica [38.1K]
3 years ago
5

Suppose the Environmental Protection Agency (EPA) wants to mandate that all methane emissions must be reduced to zero in order t

o alleviate global warming in the United States.
Which of the following describes why most economists would disagree with this policy?

a. Reducing methane emissions is desirable, but whatever levels of pollution firms decide to emit privately are already efficient.
b. Society would not benefit from lower air pollution.
c. The opportunity cost of zero pollution is much higher than its benefit.
d. The environment isn't worth protecting.
Business
1 answer:
Orlov [11]3 years ago
8 0

Answer:

C

Explanation:

The economists would disagree with this policy because the opportunity cost of zero pollution is much higher than its benefit. The industries involved may have to stop their industrial activities out-rightly or temporarily until they come up with other ways of production which may bring unemployment, reduction in tax paid to government among others.

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(Table: Cherry Farm) Use Table: Cherry Farm. If Hank and Helen have one of 100 farms in the perfectly competitive cherry industr
Dmitry_Shevchenko [17]

Answer:

500

Explanation:

please find attached the table referred to in this question and a second table where marginal cost is included

A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply.

in a perfect competition, price = marginal cost = marginal revenue

Marginal cost = total cost 2 - total cost 1

e.g. marginal cost at 2 units of output = $7 - $2 = $5

Hank and Helen would supply at the point  where marginal cost is equal to $5.

looking at the second attached table, there are two points where marginal cost is equal to $5. at output 1 and output 5.

at output one, Hank and Helen would be earning a loss because total cost is greater than total revenue. so they would not supply at this point.

at output five, Hank and Helen would earn a profit and thus would supply at 5 units of output.

Since all firms face and identical cost structure, the industry supply would be 100 x 5 = 500 pounds

6 0
3 years ago
When mcdonald’s introduced its low-fat mclean deluxe hamburger, it used __________ to avoid direct competition with wendy’s and
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Brent has hired an OD consultant to understand why the company's process for paying invoices is so slow. He wants the consultant
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Mechanic model of consulting
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The amount of something that is produced compared to the resources taken to product it is called _________.
Mariulka [41]
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3 0
3 years ago
During the Great Depression there were a number of federal programs which brought electricity to people in rural areas of the Mi
Ivan

Answer: option A: More competition for jobs in those areas are witnessed when federal programs provided more electricity in rural areas of the Midwest and South.

Explanation:

In the time of the Great Depression, President Roosevelt has passed the Rural Electrification Act (REA) in 1935 as part of the New Deal execution amendment. Through the beneficial act of supplied quantity of electricity units, the rural areas of the Midwest and South got the fine chance to expand the production of goods and services which covered the expenses of the cost of production.

Agriculture is the primary occupation of those areas, the electricity supply helped them to produce more agricultural products and also it supported Agro-based industries. The installation process are initiated and all farmers got loan advances by the cooperative societies.

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