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

Author Question: The diagram below shows the marginal cost of pollution abatement for two firms, Firm X and Firm ... (Read 88 times)

Darron12

  • Full Member
  • ***
  • Posts: 158
on: Oct 12, 2022

The diagram below shows the marginal cost of pollution abatement for two firms, Firm X and Firm Y.



FIGURE 17-6

Refer to Figure 17-6. There is an emissions tax of $t per unit of pollution. Which of the following statements regarding the pollution abatement activities by the two firms is correct?


◦ The emissions tax causes an optimal level of pollution.
◦ It is efficient for Firm Y to do less pollution abatement than Firm X because Firm Y faces higher costs of abatement.
◦ It is not socially optimal to have Firm X doing pollution abatement of QX while Firm Y does the lesser amount, QY.
◦ The emissions tax causes no change in the firms' polluting activity.
◦ The shaded areas in the two graphs depict the social costs of pollution caused by Firms X and Y.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Darron12 on Oct 12, 2022

wangyichun

  • Full Member
  • ***
  • Posts: 179
Reply #1 on: Oct 12, 2022
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


Darron12

  • Member
  • Posts: 158
Reply 2 on: Oct 12, 2022
Excellent

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Hertzsprung–Russell diagram Hertzsprung–Russell diagram
SPINAL NERVES DIAGRAM SPINAL NERVES DIAGRAM
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Echinoderm Diagram with labels Echinoderm Diagram with labels
Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
The Green Revolution and Air Pollution The Green Revolution and Air Pollution
Video: Effect of the environment on coat color in the Himalayan rabbit Animation

For a complete list of videos, visit our video library