The above figure shows the marginal benefit from pollution for two firms
If both firms receive a marketable permit to pollute 25 units of pollution each, how much will each firm pollute and how much will a permit for one unit of pollution be worth?
Firm B will sell permits to firm A until the marginal benefits are the same for both firms. Firm A will generate 37 tons of pollution and firm B will generate 13 tons of pollution. The market value of a permit will be $5.
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Use the figure below to answer the following question.
The diagram shows three supply curves for apples. Which of the following would cause the supply of apples to shift from S1 to S3?
A. an increase in the number of apple farmers B. a decrease in the price of apples in the market C. a decrease in the number of apple farmers D. a decrease in the price of resources used to produce apples
An arrangement in which Kathleen sells some of her barley when it is planted, with the promise to deliver it and receive payment after it is harvested, is called
A) a savings contract. B) a deferred private bond. C) a futures contract. D) a commodity transfer.
? If a consumer is currently at Point E on Figure 5-13, she will
A. choose to move to the combination at C to make herself better off. B. choose to move to the combination at D to make herself better off. C. reduce expenditures to make herself better off. D. stay at Point E, since that combination is the cheapest alternative to be on indifference curve U1.
The concept quality-adjusted life year (QALY)
a. is a multidisciplinary approach to measuring health status. b. has little application to medical decision making. c. is used extensively in the U.S. to evaluate health care programs. d. is used extensively to evaluate medical care resource allocation within government-run programs on fixed budgets, especially in Europe. e. none of the above.