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

Author Question: In the figure above, if a pollution tax is imposed that is equal to the marginal external cost of ... (Read 107 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
In the figure above, if a pollution tax is imposed that is equal to the marginal external cost of pollution, then when the market is in equilibrium, the deadweight loss is ________ thousand per month.
 
  A) 250
  B) 125
  C) 150
  D) 50
  E) zero

Question 2

How are skilled and unskilled workers in an economy likely to be affected if firms adopt skill-biased technologies?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shayla

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

A skill-biased technology change increases the productivity of skilled workers relative to that of unskilled workers. This increases the marginal productivity of skilled workers, causing the demand for their labor and their wages to increase. Conversely, such technology decreases the labor demand for unskilled workers and lowers their wages.


nenivikky

  • Hero Member
  • *****
  • Posts: 516
Reply #2 on: Jun 29, 2018
Thank you :)


shayla

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

An otoscope, used to visually examine the external auditory ear canal and tympanic membrane. An otoscope, used to visually examine the external auditory ear canal and tympanic membrane.
The breast, cutaway view showing both internal and external features. The breast, cutaway view showing both internal and external features.
Range of Motion of the Hip Joint, Position of the Leg for Full External Rotation Range of Motion of the Hip Joint, Position of the Leg for Full External Rotation
external structure of female reproductive system external structure of female reproductive system
External oblique External oblique
External auditory meatus External auditory meatus
Video: Mycobacterium tuberculosis: Drug Resistance and Natural Selection

For a complete list of videos, visit our video library