Currently the Australian Government is aiming to reduce Australia's carbon emissions to 5% below 2000 emissions levelsby 2020.ReformsAEmissions change (compared to 2000 10% increaselevels) by 2020.Total cost for industries to introduce 0reform measures (billions of dollars)BNo change0.3с5%reduction1.2D10% reduction1.5a. If the Government introduced a permit system, resulting in total industry permit costs being $700 million, andcapital investment total costs of $500 million, what would be the expected 2020 pollutions levels compared to 2000levels?. Type LT for Less Than, E for Equal to, or GT = Greater Than.b. Consider the mining sector is responsible for 8% of Australia's overall industry carbon emissions. The Governmentdecides to introduce the reform option D (10% reduction). How much would it cost the mining sector (including bothpermit and capital investment) as a result of introducing this reform? Assume the cost is directly proportionally to allindustries within the Australian economy. Answer to two decimal places in billions of dollars. $billion.c. The Australian Government decides to meet their 2020 emissions goal by issuing permits to polluters. The permitswill cost industries $900 million to buy the required number of permits. Industries need to spend an additional $300million on improving (reforming) their operations and equipment to reduce their carbon emissions under the permitsystem. What is the net cost to society as a result of the Government's approach? Answer to the nearest wholenumber in millions of dollars (with no decimal places). $million.

Reforms A B C D Emission Change 10% increase No Change 5% reduction 10% reduction Total Cost for…

Currently the Australian Government is aiming to reduce Australia's carbon emissions to 5% below 2000 emissions levels by 2020. Reforms Emissions change (compared to 2000 levels) by 2020. A 10% increase Total cost for industries to introduce 0 reform measures (billions of dollars) B No change 0.3 C 5% reduction 1.2 D 10% reduction 1.5 a. If the Government introduced a permit system, resulting in total industry permit costs being $700 million, and capital investment total costs of $500 million, what would be the expected 2020 pollutions levels compared to 2000 levels? Type LT for Less Than, E for Equal to, or GT = Greater Than.

Currently the Australian Government is aiming to reduce Australia's carbon emissions to 5% below 2000 emissions levels by 2020. Reforms Emissions change (compared to 2000 levels) by 2020. A 10% increase Total cost for industries to introduce 0 reform measures (billions of dollars) B No change 0.3 C 5% reduction 1.2 D 10% reduction 1.5 a. If the Government introduced a permit system, resulting in total industry permit costs being $700 million, and capital investment total costs of $500 million, what would be the expected 2020 pollutions levels compared to 2000 levels? Type LT for Less Than, E for Equal to, or GT = Greater Than.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter13: Positive Externalities And Public Goods

Section: Chapter Questions

Problem 23P: HighFlyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow...

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Out of 10000 people in a community, each is willing to pay Ksh 10 for each well dug. The cost of digging the wall is is given by C= Q2+20Q. Calculate the pareto efficiecy number of wells to be dug. If the government want to dug the well at a minimal cost, how many walls will it dig and how much will it spen if the projet is given to a private, profit making organization, how many well would the firm dig?
An Accra Chemical Factory discharges waste products into a river. These wastes kill many tilapia that are swimming upstream to spawn. While there will no doubt be other ecological damages from the chemical effluent, we wish to focus on those of the fishery. Let E be the tonnes of chemical effluent discharged per month. The equation for Marginal Damages (MD) is MD = 6E. The firm’s Marginal Abatement Cost (MAC) is given by MAC = 800 – 10E. a. Sketch the MD and MAC functions graphically on the same axes. b. Suppose E0 is the point where MAC = 0. Find the total damages (TD) to fishery by the factory per month.
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Suppose that a firm’s emissions and Marginal Abatement Cost (MAC) data are summarized in thetable below. e MAC 0 200 10 180 20 160 30 140 40 120 50 100 60 80 70 60 80 40 90 20 100 0 a. If the price of a pollution permit is $100, how many permits will the firm need? Explain.b. Suppose that the price of a pollution permit increases to $120, how many permits will thefirm need? Explain.c. With this new price of $120, will the firm’s emissions increase or decrease? By howmuch? Explain.d. Can the firm sell any permits? If so, what is the revenue generated from permit sales?Explain.
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A small manufacturing plant makes three types of inflatable boats: one person, two-person,and four-person models. Each boat requires the services of three departments, as listed in thetable. The cutting, assembly, and packaging departments have available a maximum of 380,330, and 120 labor-hours per week, respectively.Department One-PersonBoatTwo-PersonBoatFour-PersonBoatCutting 0.5 hr 1.0 hr 1.5 hrAssembly 0.6 hr 0.9 hr 1.2 hrPackaging 0.2 hr 0.3 hr 0.5 hra) Calculate how many boats of each type must be produced each week for the plant tooperate at full capacity.b) Calculate how is the production schedule in part (a) affected if the packagingdepartment is no longer used.c) Calculate how is the production schedule in part (a) affected if the four-person boat isno longer produced
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In 2006, the Australian Government incorporated research into corporate social responsibilities to determineif there is a need to include social and environmental responsibilities within the Corporation Act throughamendment procedure. It was decided not to incorporate a particular regulation through legislation, insteadrely upon the 'market forces' to encourage companies to do the 'right thing'. This viewpoint was expressedthat if companies did not look after the environment or did not act in a socially responsible manner, peoplewould not want to consume the organisations' products. From the equity market perspective, potentialinvestors would not want to invest in the organisations, and further workers wouldn't want to work for them,and so forth. Because companies were aware of such market forces, they would do the 'right thing' even inthe absence of legislation.Requirement:1) Using theories such as Public Interest Theory, Capture Theory and Economic Interest Group Theoryto critically…