Sulfur Dioxide Discharged (Tons)Firm AFirm B10$8,000$9,000910,00012,000815,00018,000720,00027,000628,00037,000
Table 9.7 shows the production cost for two utilities at different levels of sulfur dioxide emissions. Assume that the government issued 8 marketable pollution permits to each firm. If Firm A contemplates selling one permit to Firm B, what is Firm A's willingness to accept?
A. $3,000
B. $5,000
C. $6,000
D. $7,000
Answer: B
You might also like to view...
If the demand function for apples is P = 1 - Q, how much consumer surplus does the consumer gain when the price of the apples equals 5?
A. 25 B. 5 C. 12.5 D. 20
The value of the marginal product of labor equals the marginal product of labor times the:
A. nominal wage. B. price of output. C. quantity of labor. D. real wage.
Karl Marx
A. believed that the state would eventually "wither away." B. Believed that the factory owner, by paying his workers meager wages, was able to use this surplus to buy more capital goods. C. Said whoever controlled a society's capital controlled that society. D. All of the statements about Karl Marx are true.
To prevent demand-pull inflation...
What will be an ideal response?