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 54 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
Gracias!

brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Simplified diagram of the fractional distillation process Simplified diagram of the fractional distillation process
The photo shows an ultrasound image of a fetus. The rough outline of a head and body can be seen. ... The photo shows an ultrasound image of a fetus. The rough outline of a head and body can be seen. ...
Process Flow Diagram of a Dual-Stage Pressure System Process Flow Diagram of a Dual-Stage Pressure System
Global Coffee Production Global Coffee Production
Section of a normal brain (left) and an HD brain (right). The HD brain shows extensive damage to the Section of a normal brain (left) and an HD brain (right). The HD brain shows extensive damage to the
Which of the following represents a reaction coordinate diagram for a chemical reaction whose ... Which of the following represents a reaction coordinate diagram for a chemical reaction whose ...
Video: Digestive System Animation

For a complete list of videos, visit our video library