Answer & Explanation:
(a) Cost of Eliminating 2 Pollution Units
Firm X 215
Firm Y 1250
Firm Z 180
As mentioned in the question:
Company Y has excessive pollution-discount charges, it thinks it is probably better off shopping for a permit from firm Z and a allow from company X, so that it doesn't need to reduce its very own pollutants emissions. At which of the following expenses is firm Z inclined to sell one among its lets in to company Y, however firm X is not? We'll take a look at all that follow within the listing beneath.
$90
$178
$186
$451
$529
To cover its own costs, X needs to receive $200 but Z needs only $150. That means Z would sell for $178 or $186, but X would not.
Firm Initial Pollution Permit Allocation Action
Firm X 2 d. sell one permit for $326
Firm Y 2 b. buy two permits for $326 each
Firm Z 2 d. sell one permit for $326
Firm Final Amount of Pollution Eliminate Cost of pollution reduction
Firm X 3 $415
Firm Y 0
Firm Z 3 $330
Proposed method Total cost of Eliminating 6 units of pollution (dollars)
Regulation $215 + $1250 + $180 = $1645
Tradable permits $415 + $326 x 2 + $330 = $1397
In this situation, it may be concluded that doing away with pollutants is greater high priced to society while the authorities regulates each company to dispose of a certain quantity of pollution than while it allocates pollution permits that can be sold and bought. The trade able permits variety may be decreased even in addition if you took the view that the $326 paid to X and Z from Y were used to offset their expenses. In that case the final number could be simply $745 - $652 = $93.
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Confidentiality.
Confidentiality means keeping things private/secret. It would be difficult to maintain this level of privacy if there is a lot of foot traffic.
When every economic unit achieves its own particular goal, perhaps by delivering something of value to others, it is referred to as ___self-interest___.
<h3>What is self-interest?</h3>
Self-interest is an action motivated to achieve personal goals or advantages. According to Adam Smith, when individuals pursue their self-interests, they satisfy the general public by providing some goods or services in exchange.
Thus, when individuals or every economic unit achieves its self-directed goals, they usually satisfy their self-interest while delivering something of value to others.
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Sarah will be paying $0.26 in her homeowners insurance annually .
Option B is correct .
Sarah is paying $48 each month, so she will be paying in a year.
48 ×12 = 576
Let Sarah be paying 'x' per $100 in homeowners insurance annually.
Now, Sarah is paying for $223050 an amount of = 576
Now we will find the value of x
576×100 ÷ 223,050
X= 384÷1487
X = 0.258
Rounding off we will get X = 0.26.
<h3>Insurance :</h3>
A premium is the amount an individual or business pays for an insurance policy. Premiums are paid for insurance covering health insurance, auto insurance, home insurance and life insurance. A premium is the amount that an insured person pays to an insurance company on a regular basis to cover a risk. explanation:
In an insurance contract, risk is transferred from the policyholder to the insurer. To take this risk, insurance companies charge an amount called a premium.
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