need help 5. b. Let the marginal savings from pollution generation be given by MS and marginal damages begiven by MD. The regulator incorrectly estimates the marginal damage function. The estimatedmarginal damage function MD is less than the true marginal damage function, i.e., MD < MD. Tocontrol emissions, the regulator can set an emission fee or an emissions target.Evaluate whether the following statement is (i) true, (ii) false or (iii) uncertain."Emission fees and emissions target will produce the same amount of deadweight loss"

This question evaluates whether emission fees and emissions targets will produce the same amount of…

Answered: 5. b. Let the marginal savings from…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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18. Suppose that the monthly marginal cost for firefighting portable
Nanyang Eatery is located in a residential district and it is contemplating extending its operational hours beyond 9 pm. However, there is the concern that this may create noise pollutions and affect the residents. The table below shows Nanyang Eatery’s marginal cost of staying open later than 9pm and also the marginal cost to affected residents. Assume that Nanyang Eatery’s marginal revenue of staying open is $160 per hour. Time of Operation Nanyang Eatery’s Marginal Cost Residents’ Marginal Cost 10pm – 11pm $120 $0 11pm – 12am $140 $20 12am – 1am $160 $40 1am – 2am $180 $80 (a) To maximize profit, what time would Nanyang Eatery open until? What time would the residents prefer that Nanyang Eatery to open until? (b) To maximize social welfare, what time should Nanyang Eatery operate until? What can be done to make the residents agreeable to this operating time?
Suppose that a company's average cost is A(x)=1.7x+7. Step 2 of 2: Determine the marginal cost.
Suppose that a company has determined that a 70% experience curve accurately describes the evolution of its production costs for a new line. If the first unit costs $100 to produce, what should the 1,000th unit cost based on the experience curve?
A manufacturing firm, Caleb Corp, produces and sells product in its home (US) market, and in a foreign market. There is inherent risk in the revenues collected from the foreign market due to volatility in the exchange rate. Under a benchmark strategy, all of the production takes place in the home country. The resulting expected profits for Caleb Corp are variable, due to variation in the exchange rate. As an approximation, the firm has estimated profits for five possible ranges of the exchange rate, with profit represented as a lottery, L= (.2, 150; .2, 200; .3, 220; .2,250; .1, 270) The probabilities are estimated probabilities for the different ranges. The outcomes in this lottery are the estimated final profit levels (not changes in profit). (a) Calculate the expected profit if the firm follows this benchmark strategy, i.e., E(L)
A manufacturing firm, Caleb Corp, produces and sells product in its home (US) market, and in a foreign market. There is inherent risk in the revenues collected from the foreign market due to volatility in the exchange rate. Under a benchmark strategy, all of the production takes place in the home country. The resulting expected profits for Caleb Corp are variable, due to variation in the exchange rate. As an approximation, the firm has estimated profits for five possible ranges of the exchange rate, with profit represented as a lottery, L= (.2, 150; .2, 200; .3, 220; .2,250; .1, 270) The probabilities are estimated probabilities for the different ranges. The outcomes in this lottery are the estimated final profit levels (not changes in profit). Now suppose the firm can also buy forward contracts on foreign currency to neutralize the effect of the exchange rate on profits. Assume that these provide complete hedging, but that it involves an additional cost, so that following the…
Suppose that the production function for t-shirts is given by q=L0.5K0.5. If K is fixed at 4. What is the marginal product of labor?
Two pumps capable of delivering 100 hp to an agricultural application are being evaluated in a present economy study. The selected pump will only be utilized for one year, and it will have no market value at the end of the year. Pertinent data are summarized as given follows. If electric power costs $0.10 per kWh and the pump will be operated 4,000 hours per year, which pump should be chosen? Recall that 1 hp = 0.746 kW.
Suppose Becky gets a sales bonus at her place of work that gives her an extra $400 of disposable income. She chooses to spend $300 and save the remaining $100. From this, you can tell that Becky's marginal propensity to consume (MPC) is0.75 , and her marginal propensity to save (MPS) is0.25 . Mathematically, it must always be true that: Saving = a. Disposable income+Comsumption b. Comsumption-Disposable income c. Disposable income-Consumption Therefore, it must also be true that: MPS = a. 1-MPC b. 1+MPC c. MPC

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