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Neko [114]
3 years ago
13

Suppose the government requires each firm to reduce sulfur dioxide emissions by an equal amount such that total emissions are re

duced by 7.0 million tons per year. Is this approach necessarily economically efficient? This command-and-control approach is efficient because reducing sulfur dioxide pollution by 7.0 million tons per year is where the marginal cost and marginal benefit of pollution reduction are equal. is efficient because each firm is reducing pollution by the same amount. is not efficient because some firms may still be generating pollution. is not efficient because firms can have different costs of reducing pollution. is efficient because it does not require the government to know the firms' cost of reducing pollution.
Business
1 answer:
stealth61 [152]3 years ago
7 0

Answer:

is not efficient because firms can have different costs of reducing pollution.

Explanation:

Economic efficiency is the way a business maximises the use of factors of production (land, labor, capital) to produce output at a reduced cost. Efficiency aims to improve output and reduce cost to the barest minimum.

In this instance to individual cost required to reduce sulfur dioxide emissions is not considered by the government.

Since reduction of sulfur dioxide is equal among firms, some smaller ones may incur cost that will financially impair them and put them out of business.

While bigger firms will easily bear the cost.

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Which of the following would most likely shift a production possibilities curve to the right?
MAXImum [283]

Answer:

 an improvement in the education level of the work force of a nation

Explanation:

The production possibility curve is a curve that shows the various quantities of two goods an economy can produce at a given level of technology and amount of labour force.

Factors that leads to an outward shift of the production possibility curve;

1. Increase in labour force

2. Increase in education level of the Labour force

3. Technological advancement

Shifting resources from the production of one good to the production of another leads to a movement along the production possibility curve.

I hope my answer helps you

5 0
3 years ago
A permanent employee works in the same position for his or her entire career.
kompoz [17]

Answer:

false

Explanation:

6 0
3 years ago
The U.S. Securities and Exchange Commission periodically charges individuals with insider trading and claims those individuals h
Delicious77 [7]

Answer:

The correct answer is option d.

Explanation:

The effficent market hypothesis is an investment theory which advocates that the stock prices reflect all the available information. As a result, stocks are always traded at their fair value.

The strong form of efficient market says that stock prices reflect all information whether public or private.

This implies that investors cannot have more than normal profits. In the above example, the investors are able to make profit through insider information. This means that the market is less than strong form efficient.

6 0
3 years ago
The year-end 2018 balance sheet of Brandex Inc. listed common stock and other paid-in capital at $1,400,000 and retained earning
DaniilM [7]

Answer:

The firm paid $630000 dividends in 2019

Explanation:

Retained earnings is the amount of net income that is not distributed to stockholders and is ploughed back into the business. It is a capital reserve account and appears in the equity section of the Balance Sheet. To determine the amount of Dividends, we will trace the change in Retained earnings and deduct the increase in retained earnings amount from the Net Income to arrive at dividends for the year.

Increase in Retained earnings = 4000000 - 3700000  =  $300000

Thus, out of the Net Income of $930000 earned in 2019, $300000 was transferred to retained earnings. The remaining was paid as dividends.

The dividends in 2019 are = 930000 - 300000 = $630000

8 0
3 years ago
Your Group has just been stranded in the wilderness in the middle of a snowstorm in mid-January. You are dressed for the winter,
Salsk061 [2.6K]

Answer:

You will need:

knife

Lighter

Rope

Map

Warm clothes

4 0
3 years ago
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