Two firms, Kegareta Inc. and Sucio Enterprises, have access to five production processes, each one of which has a different cost and gives off a different amount of pollution. The daily costs of the processes and the corresponding number of tons of smoke emitted are shown in the accompanying table. ABCDE 4 tons/day3 tons/day2 tons/day1 tons/day0 tons/dayKegareta Inc.$40$85$135$190$250Sucio Enterprises$120$175$250$345$460If the government requires each firm to cut its emissions by 50 percent, what would be the total cost to society of this policy?
A. $120 per day
B. $385 per day
C. $180 per day
D. $225 per day
Answer: D
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A business's use of a bank located outside of the home country is called
A) Swiss banking. B) offshore banking. C) international banking. D) domestic banking. E) international swapping.
Which of the following is true? a. According to the law of supply, the higher the price of the good, the greater the quantity supplied
b. An individual supply curve is a graphical representation that shows the negative relationship between the price and the quantity an individual is willing and able to supply. c. The market supply curve is the vertical summation of the individual firm supply curves. d. An increase in supply is illustrated by an upward shift in the supply curve.
Explain the concept of efficiency as it relates to taxation.
What will be an ideal response?
The price of a stock is currently $750 and the stock will pay a $43 dividend. The interest rate is 7.5%. Based on the dividend-discount model, what is the expected price of this stock for next year?
A. $691.17 B. $657.67 C. $763.25 D. $651.17