This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Under a transferable emissions permit system with n possible polluters, the government enforces the ... (Read 60 times)

Beheh

  • Hero Member
  • *****
  • Posts: 520
on: Jul 1, 2018
Under a transferable emissions permit system with n possible polluters, the government enforces the total amount of emissions allowable at X units by
 
  A) setting a different fee for each firm so that each firm chooses to emit X/n units.
  B) setting the same fee for each firm so that each is forced to emit X/n units.
  C) setting a different standard for each firm, with X/n being the average.
  D) setting the same standard for each firm at X/n.
  E) issuing X permits.

Question 2

Suppose the local market for legal services has an upward sloping supply curve, PL = 150 + 0.0001QL where PL is the price of legal services and QL is the number of hours of legal services.
 
  If the equilibrium price of legal services is 250 per hour, what is the aggregate economic rent earned by lawyers in this market? A) 50,000
  B) 1,000,000
  C) 50,000,000
  D) 100,000,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nital

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

C


Beheh

  • Member
  • Posts: 520
Reply 2 on: Jul 1, 2018
Wow, this really help

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Divisions of the nervous system Divisions of the nervous system
Chrysler recommends that the bleeder valve be opened whenever refilling the cooling system. Chrysler recommends that the bleeder valve be opened whenever refilling the cooling system.
Two models of sensory system organization: The former model was hierarchical, functionally ... Two models of sensory system organization: The former model was hierarchical, functionally ...
Most Americans obtain their drinking water from a community water system Most Americans obtain their drinking water from a community water system
The digestive system The digestive system
Components of the lymphatic system Components of the lymphatic system
Video: Rh blood type and complications during pregnancy & Fertilization

For a complete list of videos, visit our video library