Emissions Marginal Abatement Total Abatement Cost Total Tax Bill at Total Costs (tons/month) Cost $100/ton 10 1000 15 900 8 30 800 7 50 700 70 600 100 500 4 120 400 3 150 300 2 185 200 1 230 100 290 Refer to the Table above. If the firm above faced an emissions charge of $150 per ton/month, at what level of emissions does the firm minimize total abatement cost? 8. O 5 4
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- when left the treat environment as if it has no value the polluters in region release collective 500 tons of pollutant per year. The damages from this pollutant are MD=10e while aggregate abatement cost is MAC=10+5a. Calculate; A)efficient aggregate levels of abatement and emissions B)use calculations to show that a one ton increase or decrease in emissions would not be efficient1. Refer to the table below. Emissions (tons/month) 10 6. Marginal Abatement Cost 15 30 7 50 70 100 120 150 3 185 230 290 1 01 a) The firm faces an emissions charge of $100 per ton/month. If the fim chooses to emit 0 tons/month what is the firm's total cost? b) The firm faces an emissions charge of $100 per ton/month. At what level of emissions does the firm minimize total abatement cost? c) The firm faces an emissions charge of $100 per ton/month. What is the firm's total cost with optimal choice? d) If the firm faced an emissions charge of $150 per ton/month, at what level of emissions does the firm minimize total abatement cost? e) If a regulatory agency simply mandated that the firm could emit a maximum of 5 tons/month and there were no emission charges, what would be the firm's total cost? f) If the firm faced an abatement subsidy of $100 per ton/month, what level of emissions would a firm choose? g) If the firm faced an abatement subsidy of$100 per ton/month, what would be the…A firm has a marginal emissions benefit of 100-0.5*E in each of 2 years, where E measures emissions in tons. The marginal cost of emissions to society is 75/ton. The discount rate is 10% and the marginal cost of emissions also grows at 10% per year. The government decides to give the firm permits to emit 50 tons of emissions per year, but allows the firm to "bank" or "borrow" permits across the two years so that this effectively acts as a 100 ton cap on emissions over 2 years. How much will the firm emit in each year? If all firms are identical to the one you analyze here, is the government issuing too many or too few emission permits relative to the efficient level? How do you know?
- Under emission standards, the amount of compliance cost faced by a polluter is ___________________________? The total abatement costs Zero The sum of the compensation and abatement costs The compensation based on damages caused by the polluterThe graph illustrates the market for hoodies. Suppose the current price of a hoodie is $60 and 4 million hoodies a year are bought. What do you predict will happen to the price of a hoodie? OA. The surplus of hoodies forces the price down. B. The price will not change because neither a shortage nor a surplus occurs. OC. It is impossible to say what will happen to the price of a hoodie. O D. The shortage of hoodies forces the price up. G BI REAS m 8 Te OR Se on N MANA company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately D = 780 - 10p units. The fixed cost is $800 per month and the variable cost $30 per unit produced. What number of units, D*,should be produced per month and sold to maximize the profit per month related to the product? A 300 B 280 C) 480 D 240
- A competitive industry has production processes that generate pollution. okay with studies carried out on the affected population, the marginal costs associated with contamination are constant and 500 u.m. for each unit of the good produced. These costs are associated with lost working days, illness treatment costs and the nuisance generated in the population. Currently the production level of the industry is 250 units and the market price is 1500 (um/unit). Market studies carried out by the firms estimate that if the price rises at 1,800 (mu/unit) the quantity demanded would drop to 200 units and the marginal cost of production of each firm at this new production level is 1,300 (m.u./unit). assume linearity in market demand and in the marginal costs of production of the firms. Graph to justify your answers. b)Graphically indicate and determine the magnitude of the social cost of the situation with a production level of 250 units.A competitive industry has production processes that generate pollution. okay with studies carried out on the affected population, the marginal costs associated with contamination are constant and 500 u.m. for each unit of the good produced. These costs are associated with lost working days, illness treatment costs and the nuisance generated in the population. Currently the production level of the industry is 250 units and the market price is 1500 (um/unit). Market studies carried out by the firms estimate that if the price rises at 1,800 (mu/unit) the quantity demanded would drop to 200 units and the marginal cost of production of each firm at this new production level is 1,300 (m.u./unit). assume linearity in market demand and in the marginal costs of production of the firms. Graph to justify your answers. )Determine the level of tax that would have to be applied to production to achieve the social optimum.A6 A marginal abatement cost that shows a factory's pollution is represented by MAC= 360 - 5E with a tax per unit equal to 20$. How much will the factory reduce its emissions? SHOW FULL CALCULATIONS
- X A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are C(x) = 73,000 + 80x and p(x) = 300 - 30 Osx<9000. (A) Find the maximum revenue. (B) Find the maximum profit, the production level that will realize the maximum profit, and the price the company should charge for each television set. (C) If the government decides to tax the company $4 for each set it produces, how many sets should the company manufacture each month to maximize its profit? What is the maximum profit? What should the company charge for each set?If n is the number of fishermen in the river, then each fisherman catches 10 + 120/n kg of fish each day (depending on how many fishermen there are). A kg of fish sells for 5 pounds, a fishing license costs 20 pounds, and a fisherman could also work at the docks for 80 pounds a day. How many fishermen will fish in the river each day? (a) 8 (b) 12 (c) 16 (d) 18 (e) 20(Figure: Toxic Waste) From the graph, external cost per ton of toxic waste would be Price ($ per ton) 2222288822 200 180 160 140 120 100 8 80 80 40 20 0 $60. $70. $80. $90. 10 20 30 0 40 50 GO 70 80 90 100 110 120 Quantity (tons of toxic waste)