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

Author Question: The following diagram shows the production of fertiliser by a perfectly competitive ... (Read 36 times)

lak

  • Hero Member
  • *****
  • Posts: 546
on: May 25, 2020

Question 1

The following diagram shows a price-taking firm that creates pollution when it produces. As a result, the firm's marginal social cost (MSC) is above its marginal private cost (MC).

What is the optimum tax?
◦ cd
◦ ca
◦ ab
◦ da

Question 2

The following diagram shows the production of fertiliser by a perfectly competitive profit-maximising firm. Production of the good leads to pollution of the environment, however. This pollution is an external cost to the firm.



The marginal social cost curve is shown by one of the two curves I or I. Assume that the government imposes a 'pollution tax' on the firm at a constant rate per unit of output. What must the size of the tax per unit be in order to persuade the firm to produce the socially efficient level of output?
◦ C1 — C3
◦ C3 — C4
◦ C2 — C5
◦ C3 — C5
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by lak on May 25, 2020

fauacakatahaias

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


lak

  • Member
  • Posts: 546
Reply 2 on: May 25, 2020
Thanks for the timely response, appreciate it

tranoy

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Apoptosis Diagram Apoptosis Diagram
Eye ball perfectly labelled (map) Eye ball perfectly labelled (map)
Diagram of a Nephron Diagram of a Nephron
World Crude Oil Production and Reserves (Billions of Barrels) World Crude Oil Production and Reserves (Billions of Barrels)
A comparison of sperm production and egg production in humans A comparison of sperm production and egg production in humans
A diagram of chromosome 13, showing the retinoblastoma (RB1) locus A diagram of chromosome 13, showing the retinoblastoma (RB1) locus
Video: Protein Secondary and Tertiary Structures - Animation

For a complete list of videos, visit our video library