Micro Economics For Today
Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
Question
Chapter 14, Problem 10SQ
To determine

The zero emission in automobiles.

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In environmental economics: Suppose that society wants to reduce the quantity of discharged residuals into the natural environment, what are 3 ways to do so? What are some obstacles that could be associated with each one?
A free rider is Group of answer choices A)Someone who consumes a public good but does not pay for it. B)Someone who only purchases resold goods or only uses items they can get for free. C)Someone who gives away items they have purchased. D)Someone who resells items they have purchased.
Give typing answer with explanation and conclusion  One advantage of an emissions tax over a cap-and-trade system is that   a. permit markets can have transactions costs that taxes do not.   b. taxes put a price on pollution, but cap-and-trade systems do not.   c. once a cap-and-trade system is in place, there is no way for the government to adjust the price of permits.   d. taxes are always popular.
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  • Let the supply and demand for widgets be given by the following schedule. Price:                          3,  4,  5, 6,  7,  8,  9,  10,  11   Quantity Supplied:      100,  200,  300,  400,  500,  600,  700,  800,  900 Quantity Demanded:   900,  800,  700,  600,  500,  400,  300,  200,  100 a. What quantity will be produced here?  b. What quantity is efficient if there are no external costs or benefits?  c. What quantity is efficient if there is an external cost of $6 per unit from pollution caused by the widget factories?
    Suppose a country has two airlines. One is a small domestic airline that uses modern airplanes with lower CO2 emissions, and the other is a large international airline that uses older jumbo jets carrying hundreds of people at one time. A carbon emissions tax on airlines would be more efficient than a strict limit (command and control) on the total amount of carbon emissions each airline can produce. Two reasons that support this statement are: a. A carbon emissions tax would   a.allow the larger airline to continue using its less efficient airplanes b.not allow the large airline to continue using its less efficient airplanes . b. A command-and-control policy would likely   a.allow the larger airline to continue its service. b.force the larger airline to curb its service.
    Please explain each solution step by step.Consider an economy with 2 plants, A and B, whose operations produce emissions. The graphs show the marginal benefits (MB) to each plant from its emissions on the y-axis (in Euros) and the quantity of emissions in tons on the x-axis. The graph on the left represents the case when the government imposes a limit on emissions. The graph on the right represents the case when the government imposes a tax on emissions.a) let’s say the government limits the emissions of each plant at 4 tons. The marginal benefit of 4 tons of emissions to plant A is 2 euros. Referring to the graph on left, what is the welfare loss to plant A from the limit imposed by the government? (euros)b) now let’s say the government sets a unit tax on emissions of 6 euros. Under this tax, plant B will produce 6 tons of emissions and plant A will produce 2 tons of emissions. Referring to the graph on the right, what is the total net welfare from the imposition of the tax?…
  • Please explain each solution step by step. Consider an economy with 2 plants, A and B, whose operations produce emissions. The graphs show the marginal benefits (MB) to each plant from its emissions on the y-axis (in Euros) and the quantity of emissions in tons on the x-axis. The graph on the left represents the case when the government imposes a limit on emissions. The graph on the right represents the case when the government imposes a tax on emissions. a) let's say the government limits the emissions of each plant at 4 tons. The marginal benefit of 4 tons of emissions to plant A is 2 euros. Referring to the graph on left, what is the welfare loss to plant A from the limit imposed by the government? (euros) b) now let's say the government sets a unit tax on emissions of 6 euros. Under this tax, plant B will produce 6 tons of emissions and plant A will produce 2 tons of emissions. Referring to the graph on the right, what is the total net welfare from the imposition of the tax?…
    The net benefit to society from reducing pollution is equal to Select one: a. the additional benefit plus the additional costs. b. the quantity of pollution, such as the tons of reduction in sulfur dioxide. c. the sum of the benefits of reducing pollution and the costs. d. the difference between the benefits of reducing pollution and the costs.
    Think about a country where most economic production comes from factories that create air pollution. What could be a possible trade-off from lower levels of pollution?   Group of answer choices lower incomes more factory jobs heavily polluted air higher incomes   Jewell attends a wedding reception where dinner is served. For her entrée, she has the option of steak, chicken, or pasta. If she chooses the pasta, then her opportunity cost is   Group of answer choices the steak. the chicken and the steak. the chicken. either the chicken or the steak, whichever would have been her second choice to the pasta.   Judy spent eight hours studying for an exam. Normally, she would have spent that time watching TV instead of studying. She figures she could have made a "B" after only studying four hours, but she really wanted an "A." What is Judy's marginal cost in terms of TV viewing to improve her grade from a "B" to an "A"?   Group of answer choices $8 four hours eight hours…
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