Answer:
The answer is option D) All three methods will result in the same level of emissions reduction.
Explanation:
Marginal abatement cost is the cost associated with eliminating a unit of pollution.
As the amount of pollution released goes down, the marginal abatement cost increases.
Transferable emissions permit allow Firms that pollute less to sell their leftover pollution permits to firms that pollute more.
Emissions fee is a charge for permits to discharge specific quantities of a specific pollutant per time period.
made for market-based approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants. A central authority allocates or sells a limited number of
Emissions Standards set quantitative limits on the permissible amount of specific air pollutants that may be released from specific sources over a specific period. It is a legal requirement for companies that emit harmful gases into the atmosphere.
Answer:
Reserve requirement = 20% or 0.250
Simple money multiplier = 1/Reserve Ratio = 1/0.2 = 5
Note that,
Increase in money supply = Increase in total reserves * Simple money multiplier
$100 Billion = Increase in total reserves * 5
Increase in total reserves = $20 billion
This means that the federal reserve should decrease the reserve requirement by purchasing $20 billion worth of US government bonds from banks, which will lead to increase of $100 billion in money supply.
Answer:
Here, Kevin is an entrepreneur.
Explanation:
- An entrepreneur is someone who has creative ideas that identifies the need of the society and uses the opportunity to earn profit.
- There is no specific age for entrepreneurs. Creativity, thirst for work, optimism are some characteristics of entrepreneurs.
- They are very curious, optimistic and opportunistic. They train their minds to find solution to problems in the surrounding.
- Here, Kevin used his own ideas and identified the need for business in graphic design and started a graphic design business evaluating its risks and benefits. SO, he is the entrepreneur.
Answer:
The direct labor rate variance for November is $34,200
Explanation:
To find out the direct labor rate variance, we have to multiply the actual standard rate of direct labor into actual hours of direct labor used
Standard hourly rate of direct labor hour = $14.40
Actual direct labor hours = 5,000
Standard direct labor cost
= 5,000 × $14.40
= $72,000
Total factory wages are $42,000 in which direct labor is 90%
= $42,000 × 90%
= $37,800
Actual direct labor cost = $37,800
Therefore,
Direct labor rate variance = Standard direct labor cost - Actual direct labor cost
Direct labor rate variance
= $72,000 - $37,800
= $34,200
