Table 28.1Reduction in Emissions (in tons)MC to Reduce Emissions by Steel PlantMC to Reduce Emissions by Paper Plant1$400$20025002803600320Refer to Table 28.1. Suppose the government allows these two firms to trade pollution permits. The total cost to reduce emissions by a total of two tons could be as low as
A. $600.
B. $900.
C. $0.
D. $480.
Answer: D
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the welfare of the fixed factor in the production of cloth. A) no change; no change; no change B) an increase; an increase; an increase C) a decrease; an increase; an increase D) an increase; a decrease; a decrease E) a decrease; a decrease; a decrease
The situation in which expansionary fiscal policy does not lead to a rise in aggregate output is referred to as
A) fiscal neutrality. B) a recession. C) complete crowding out. D) inflation.
Which of the following is included in gross private domestic investment?I.The purchase of new capital goodsII.An increase in business inventories
A. I only B. II only C. Both I and II D. Neither I nor II
Refer to the scenario above. Based on the given information, we can conclude that the market for used cell phones in Barylia:
A) has asymmetric information. B) is perfectly competitive. C) is monopolistically competitive. D) has only one seller.