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OleMash [197]
3 years ago
10

Tradable permits are likely to result in less inefficiency, relative to a pollution tax, when ... a. the marginal costs of damag

es are steep and the marginal costs of pollution reduction are relatively stable. b. the marginal costs of damages are steep and the marginal costs of pollution reduction are steep. c. the marginal costs of damages are relatively stable and the marginal costs of pollution reduction are relatively stable. d. the marginal costs of damages are relatively stable and the marginal costs of pollution reduction are steep. e. the marginal costs of damage are elastic and the marginal costs of pollution reduction are also elastic.
Business
1 answer:
Andrej [43]3 years ago
3 0

Answer:

a. the marginal costs of damages are steep and the marginal costs of pollution reduction are relatively stable.

Explanation:

Pollution can be defined as the physical degradation or contamination of the environment through an emission of harmful, poisonous and toxic chemical substances.

Offset trading refers to a type of trading system that is typically designed for the realization of more efficient pollution control.

This ultimately implies that, an offset trading is a strategic program that allows emerging business firms to pay existing business firms in order to significantly reduce their emissions or pollutants below a specific standard.

Free market in tradable pollution permits simply means giving manufacturing companies and individuals the legal right to pollution of the environment. For example, XYZ company is purchasing the permit of 500 units of carbon dioxide (CO2) pollution annually, this simply means it is permitted to pollute the environment by 500 units of CO2 annually.

Additionally, a free market in tradable pollution permits has some sort of benefits as companies can resell their unused permits or devise a cheaper means of reducing pollution. It also compensate companies that significantly reduces its pollution of the environment.

A pollution tax can be defined as a type of tax imposed on business firms that causes pollution and damages to the environment. It is also referred to as Pigovian tax which is a tax on goods with negative externality.

Hence, tradable permits when compared with pollution tax are likely to result in less inefficiency, when the marginal costs of damages are steep and the marginal costs of pollution reduction are relatively stable.

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A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 72000 units on hand, t
Lyrx [107]

Answer:

"The budgeted cost of goods sold" for June would be $5,640,000

Explanation:

Sales department budget for June = 220,000  units

Less-Opening balance as on 1st June = 72,000  units

Add-Closing balance as on 30th June = 40,000  units

No of unit manufactured = Sales department budget for June  - Opening balance as on 1st June + Closing balance as on 30th June

= 220,000 - 72,000 + 40,000

= 188,000  units

Cost per unit = $30

Budgeted cost of manufactured = 188,000 × $30 = $5,640,000

4 0
3 years ago
At some colleges and universities, economics professors receive higher salaries than professors in some other fields.
koban [17]

Answer:

Explanation:

At some colleges and universities, economics professors receive higher salaries than professors in some other fields.

A. Why might this be true?

Economists have a higher opportunity cost working in academia than professors in other fields because in certain fields that are different from academic,there is a lack of labor opportunity for professor and even when such arise ,they are difficult to get and another reason may be that economists who are good in some fields may employ themselves in other firms with higher wages because of their real life first hand experience, even when some colleges and universities wants to hire them, got to spend a greater amount of money than for professors in some other fields.

B. Some other colleges and universities have a policy of paying equal salaries to professors in all fields. At some of these schools, economics professors have lighter teaching loads than professors in some other fields. What role do the differences in teaching loads play

In order for  university to employ working force which is hard to find, they put in place differences in teaching loads ,such differences in teaching load are intended to attract economics professors by providing nonmetary compensation

3 0
3 years ago
One possible solution to a diminishing Social Security payroll is to decrease the Social Security benefit by 13%. How would such
Darina [25.2K]

The benefit would decrease by $7,020 annually would be the answer.

According to the 2022 Annual Report of the Social Security Board, the surplus of trust funds paying severance, disability, and other social security benefits will be exhausted by 2035. This is a year behind what the Board of Trustees predicted in its 2021 report.

If you are less than the full retirement age and exceed your annual income limit, your benefits may be reduced. If you haven't reached full retirement age throughout the year, you will be deducted $ 1 from your benefits for every $ 2 you earn over your annual limit. For 2022, the limit is $ 19,560.

Learn more about Social Security payroll here:brainly.com/question/1156607

#SPJ4

5 0
1 year ago
Nonprice competition refers to:
umka21 [38]

Answer: Option C

Explanation: Non price competition can be defined as the business strategy under which one entity tries to distinguish its commodity offered from another entity in the market with the help of advertising and promotion etc.

Non price competition is generally seen in the oligopoly market structure. The difference between two products in an oligopoly having non price competition is based on the design or workmanship of the manufacturer.

6 0
3 years ago
On January 1, 2020, Jacobs Company sells land financed through an $80,000 note, issued by Andress Company. The note is an $80,00
12345 [234]

Answer:

Entries are shown below.

Explanation:

To record the journal entries, we first need to calculate interest payment and principal as per the present value. This is done below:

                                                    PV Factor     Present Value

Interest Payment     $6,400           1.7125         $10,960

Principal                   $80,000         0.8116        $64,928

                                                                           $75,888

<u>Journal Entries</u>

Date                Particular                            Debit ($)        Credit ($)    Working  

Jan 1, 2020 Note Receivable                80,000  

                       Discount on Receivable              4,112  

                       Land                                             75,888  

Dec 31, 2020  Cash                                6,400  

                        Discount on Receivable 1,948                    (8348-6400)

                        Interest Revenue                               8,348     (75888*11%)

Dec 31, 2021   Cash                                  6,400  

                         Discount on  Receivable      2,162             (4279-3600)

                         Interest Revenue                             8,562

                                                                                                (75888+1,948)*11%

Dec 31, 2021    Cash                                  80,000  

                          Notes Receivable                                 80,000

7 0
3 years ago
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