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
lutik1710 [3]
3 years ago
9

There are ten polluting firms, Firm1,. . . ,Firm10. Each firm emits 100 pounds of pollution prior to any regulations (so there a

re currently 1,000 pounds being emitted). Each firm has constant marginal abatement costs, but the costs vary across firms. Conveniently, the firms’ names indicate their marginal abatement costs. Firm1’s marginal abatement costs are constant at $1 per pound, Firm2’s marginal abatement costs are constant at $2 per pound,. . . , and Firm10’s marginal abatement costs are $10 per pound.
a. Suppose the regulator wants to achieve a 25% reduction in pollution (250 pounds). What is the cost effective allocation of emis- sions across the ten firms?
b. What are the total abatement costs for society to achieve a 250 pound reduction in emissions?
c. The marginal damage of pollution in this city is given by MD= 4-1/250 X, where X is the total reduction in pollution. What is the optimal level of pollution?

Business
1 answer:
aleksklad [387]3 years ago
8 0

Answer:

Answer for the question:

There are ten polluting firms, Firm1,. . . ,Firm10. Each firm emits 100 pounds of pollution prior to any regulations (so there are currently 1,000 pounds being emitted). Each firm has constant marginal abatement costs, but the costs vary across firms. Conveniently, the firms’ names indicate their marginal abatement costs. Firm1’s marginal abatement costs are constant at $1 per pound, Firm2’s marginal abatement costs are constant at $2 per pound,. . . , and Firm10’s marginal abatement costs are $10 per pound.

a. Suppose the regulator wants to achieve a 25% reduction in pollution (250 pounds). What is the cost effective allocation of emis- sions across the ten firms?

b. What are the total abatement costs for society to achieve a 250 pound reduction in emissions?

c. The marginal damage of pollution in this city is given by MD= 4-1/250 X, where X is the total reduction in pollution. What is the optimal level of pollution?

is given in the attachment.

Explanation:

You might be interested in
On July 1, 2019, Sheffield Corp. pays $20,700 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fisca
11111nata11111 [884]

Explanation:

The journal entries are as follows:

On July 1

Prepaid Insurance A/c Dr $20,700

           To Cash A/c $20,700

(Being prepaid insurance is paid)

On December 31

Insurance expense A/c Dr $

          To Prepaid insurance A/c $1,110

(Being the insurance expense is recorded)

The insurance expense is shown below:

= $20,700 ÷ 3 years × 6 months ÷ 12 months

= $3,450

3 0
3 years ago
Fred promises barney $25,000 to not open his proposed business in the same city. they sign a contract stating that fred promises
Vlad1618 [11]
Fred will either have to pay more than he proposed or Barney would be able to open his business in the same city
7 0
3 years ago
A machine purchased on 1/1/21 for $24,000 and on which $14,400 of Accumulated Depreciation has been recorded through 12/31/23 wa
Amanda [17]

Answer:

Gain on disposal = $7600

Explanation:

As the machine is sold on 1 April 2024, we first need to update the depreciation expense and charge the depreciation to the date. The depreciation has been charged till 1 December 2023. So, we need to charge the depreciation for three more months.

The formula for depreciation expense under straight line method is,

Depreciation expense per year = (Cost - Salvage value) / Estimated useful life

Depreciation expense per year = (24000 - 0) / 5

Depreciation expense per year =  $4800 per year

Depreciation expense for three months = 4800 * 3/12 = $1200

Accumulated depreciation 1 April 2024 = 14400 + 1200  =  $15600

To calculate the gain or loss on disposal, we first need to determine the net book value of asset and deduct it from the cash received on disposal.

NBV = Cost - Accumulated depreciation

NBV = 24000 - 15600

NBV = $8400

Gain on disposal = 16000 - 8400

Gain on disposal = $7600

6 0
3 years ago
Choose an example of a company you could start, and decide which business structure would make the most sense for that type of c
PolarNik [594]

Answer:

nonprofit corporation - literally anything involving donations - your welcome

Explanation:

6 0
2 years ago
For the following items, specify whether information would be found in the balance sheet, the income statement, the statement of
marissa [1.9K]

1. Amount of bond liability Balance Sheet

2. Description of bond liability. Footnotes

3. Interest rates associated with bond issuances. Balance sheet

4. Interest paid for the period. Profit and Loss Account

5. Maturity dates associated with bond issuances. Balance sheet.

6. Cash interest paid during the period. cash flow statement.

A balance sheet (also known as a balance sheet or management report) is a personal Or a summary of the organization's financial balance. commercial entity.

Assets, liabilities, and equity are listed as of a specific date (such as the end of the fiscal year). A balance sheet is often referred to as a "snapshot of a company's financial position." of the four basic degrees.

learn more about balance sheet here;  brainly.com/question/1113933

#SPJ4

8 0
1 year ago
Other questions:
  • How does a country's GDP help you determine if its economy is strong or weak?
    8·2 answers
  • Megan sets the selling price for her watches at $29.95, so they will seem less expensive than $30.00 watches.
    14·1 answer
  • Generally Accepted Accounting Principles are a. theories that are based on physical laws of the universe. b. principles that hav
    15·1 answer
  • Warm Hearths, a home fashion magazine, is designed to appeal to people who want to know the latest trends in interior design. It
    6·1 answer
  • What is home equity?
    11·2 answers
  • The consumer price index was 120 in 2013 and 126 in 2014. The nominal interest rate during this period was 8 percent. What was t
    14·1 answer
  • What does Market Power mean?
    12·1 answer
  • Suppose there are two cities that have rent controlled apartments. In one city (Albany) all apartments are subject to rent contr
    11·1 answer
  • During her speech on malpractice insurance, the head of the local branch of the American Medical Association consistently avoide
    12·1 answer
  • Kapcom Telecom wants to implement an on-the-job training program for the sales staff who are unaware of the technical aspects of
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!