All categories

3 years ago

If we are considering further reductions in pollution, what rule should we follow to maximize the net benefit to society?

Business

1 answer:

hichkok12 [17]3 years ago

7 0

Answer:

D. The marginal benefit from reducing another ton of pollution should be equal to the marginal cost.

Explanation:

The benefit arises when the cost is fully recovered, as in the given case the marginal cost for each ton reducing the pollution shall be equal to the benefit of marginal ton of pollution reduced.

Whenever, marginal cost is less than the benefit it is favorable but it is not permanent and thus, not valid, in case the cost is equal to the befit it is at break-even and is beneficial in every situation for the economy and environment.

You might be interested in

Because the company and the outsourcing vendor can become so tightly integrated, __________ the agreement can be very costly and

maria [59]

Because the company and the outsourcing vendor can become so tightly integrated ending the agreement can be very costly and risky.

A company is a legal entity formed by a group of individuals to conduct and operate a commercial or industrial business. A company may be organized in various ways for tax and financial liability purposes, depending on the corporate law of its jurisdiction.

The English word company comes from the old French term Compagnie (first mentioned in 1150), meaning 'society, friendship, intimacy. It comes from the Late Latin companion ("who eats bread with you"), first attested in Lex Salica.

Learn more about the company here: brainly.com/question/25297296

#SPJ4

7 0

2 years ago

On the basis of the following production possibilities tables for two countries, North Cantina and South Cantina.

insens350 [35]

Answer:

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.

The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

To determine which country has a better technology in production, the opportunity cost has to be calculated. The country with the lower opportunity cost has the better technology

At point B for North Cantina:

The opportunity cost of producing one 4 units of capital good = 10/4 = 2.5 units of consumer goods

The opportunity cost of producing 10 units of consumer good = 4/10 = 0.4 units of capital goods

At point B for South Cantina

The opportunity cost of producing one 4 units of capital good = 8/4 = 2units of consumer goods

The opportunity cost of producing 8 units of consumer good = 4/8 = 0.5 units of capital goods

South Cantina has a lower opportunity cost in the production of capital goods while North Cantina has a lower opportunity cost in the production of consumer goods

3 0

3 years ago

Gains from trade

Sergeeva-Olga [200]

Answer:

Contente's opportunity cost of producing 1 bushel of rye is 0.5 of jeans, and Dolorium's opportunity cost of producing 1 bushel of rye is 0.25 of jeans. Therefore, DOLORIUM has a comparative advantage in the production of rye, and CONTENTE has a comparative advantage in the production of jeans.

Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. In this case, the country that produces rye will produce 64 million bushels per month, and the country that produces jeans will produce 24 million pairs per month.

Suppose the country that produces rye trades 54 million bushels of rye to the other country in exchange for 18 million pairs of jeans.

Dolorium:

Export 54 million bushels of rye

Consume 10 million bushels of rye

Import 18 million pairs of jeans

Contente:

Export 18 million pairs of jeans

Consume 6 million pairs of jeans

Import 54 million bushels of rye

Before specialization, the total production of rye = 36 + 16 = 52 million bushels, and the total production of jeans = 6 + 12 = 18 million pairs.

Because of specialization, the total production of rye has increased by 12 million bushels per month, and the total production of jeans has increased by 6 million pairs per month.

Calculate the gains from trade—that is, the amount by which each country has increased its consumption of each good relative to the first row of the table.

Contente:

Before specialization and trade, produced and consumed 6 million pairs of jeans and 36 million bushels of rye.

After specialization and trade, consumed 54 million bushels of rye and 6 million pairs of jeans.

Gain from trade is 18 million bushels of rye.

Dolorium:

Before specialization and trade, produced and consumed 12 million pairs of jeans and 16 million bushels of rye.

After specialization and trade, consumed 10 million bushels of rye and 18 million pairs of jeans.

Gain from trade is -2 million bushels of rye and 6 million pairs of jeans.

Explanation:

There is a mistake in the question, since Contente's production of jeans must be 6 per hour and its production of rye should be 12 bushels per hour. That is the only way that it can produce 6 million pairs of jeans and 36 million bushels of rye. Something similar happens with Dolorium, it must be able to produce 16 bushels of rye per hour and 4 pairs of jeans per hour in order to produce 12 million pairs of jeans and 16 million bushels of rye.

Country Rye Jeans

Contente 12 6

Dolorium 16 4

Contente's opportunity cost of producing rye = 6 / 12 = 0.5 pairs of jeans.

Dolorium's opportunity cost of producing rye = 4 / 16 = 0.25 pairs of jeans.

Dolorium's production of rye = 16 bushels x 4,000,000 labor hours = 64,000,000 bushels of rye.

Contente's production of jeans = 6 pairs x 4,000,000 labor hours = 24,000,000 pairs of jeans

8 0

4 years ago

Following is partial information for the income statement of Audio Solutions Company under three different inventory costing met

ioda

Answer:

1,2- See attached pictures.

1. LIFO

2. Average

3. FIFO

Explanation:

See attached pictures.

7 0

3 years ago

Markus Company sells 1,000 bonds of its debt investment in Berta Inc. for $20,000. The original cost of the 1,000 bonds was $18,

gregori [183]

Answer:

Credit the following;

Investment (Available for sale) $18,000

Gain on sale of an investment $2,000

Explanation:

Assuming all the unrealized holding gains and losses have been reversed, the investment will be recorded at the original cost of $18,000 instead of the fair value and the gain would then be $2,000.

The Journal entry for the sale would be;

DR Cash.......................................... .............$20,000

CR Investment (Available for sale)......................... $18,000

Gain on sale of an investment .................................$2,000

(To record sale of bond investment)

3 0

3 years ago

If we are considering further reductions in​ pollution, what rule should we follow to maximize the net benefit to​ society?

If we are considering further reductions in pollution, what rule should we follow to maximize the net benefit to society?