Two theories regarding the cost of improving the environment: those responsible for environmental harm should pay vs. those who benefit from environmental improvements should pay.
There are two main schools of thought regarding who should pay for the cost of improving the environment: those who are responsible and those who would benefit. The two theories are compared and contrasted below:Those who are responsible:Those who are responsible for causing environmental harm should pay for the costs of improving the environment. Industries that pollute the environment, for example, should be required to pay a fine for their actions. This money may then be used to repair any damage that has been done to the environment. While this system holds businesses accountable for their actions, it also punishes those who depend on these businesses for work. This is because the fines levied on businesses may raise their costs, making it more difficult for them to remain in business. In the long run, this may result in a reduction in the number of jobs available to people.Those who would benefit:Those who will benefit from environmental improvements should pay for the costs of making them. The theory behind this argument is that if someone benefits from something, they should be willing to pay for it. For example, if someone wants to enjoy clean air, they should be willing to pay for the cost of reducing pollution. The advantage of this system is that it distributes the cost of environmental improvement more equitably. On the other hand, it may also place a heavy burden on low-income earners who cannot afford to pay the cost of environmental improvement. As a result, environmental benefits may only be available to those who can afford to pay for them.
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PLEASE HELP 100 PTS - Use the information from your production possibilities schedule to create your production possibilities curve by filling in the following graph. Use textboxes to insert text, and use lines and circles from the shapes function to illustrate your production possibilities. Be sure to mark points A through F on the graph. (5 points)
Answer
Can you make the question a bit simpler?
Explanation:
A financial institution or commercial bank that purchases a business' accounts receivable at a discount and then keeps what they collect is a(n) ______.
A financial institution that purchases a business' accounts receivable at a discount and then keeps what they collect is a(n) factor.
What is account receivable?Account receivable is an asset and can be defined as the amount a company is expected to receive from their client for the service they rendered to the client.
When a financial institution buy a business account receivable at a discounted price or rate by keeping the amount they collected this is tend to be known as a factor.
Therefore a financial institution that purchases a business' accounts receivable at a discount and then keeps what they collect is a(n) factor.
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Look at the circular flow diagram. Choose and define an environmental issue. Using the diagram as a guide, explain how the environmental issue you chose affects the relationship between household and government.
Answer:
Household and government are related to each other in terms of economic unit. Household pay taxes to government and then government use that money for the people. Household earn the money by working in firms or by running their own business.
Environmental issues such as air pollution can affect the relationship between household and government. Popleuses their own transport to go to firms and the number of vehicles are increasing day by day which causes air pollution.
The government can form policies against personal transport and convince people to use public transport which will be beneficial for government as government will directly get money from household.
In terms of an economic unit, the household and the government are linked. Households pay taxes to the government, which are subsequently used to benefit the people.
Households generate money through working in businesses or starting their own.
Capital, labor, land, and entrepreneurship are all components of the factor market. Business—look for ways to minimize expenses and pollute the environment (land), for their employees (labor) to avoid disease, and; For future capital investment in cleaner manufacturing.For more information related to the circular flow diagram, refer to the link:
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Adrian owns an older used car that is valued at about $1,000.
He is considering whether to change his car insurance policy.
He has the option to purchase additional coverage for $200/month that will protect his vehicle if it is damaged in an accident. If there is an accident, the insurance company will pay Adrian the amount his vehicle is worth.
Purchasing insurance can help Adrian risk.
Adrian’s best decision in this case is to because the policy is
Answer:
Purchasing insurance can help Adrian minimize risk. Adrian’s best decision in this case is to not buy the insurance because the policy is too expensive in relation to the value of his vehicle
Adrian can reduce risk by buying insurance. The wisest course of action for Adrian in this situation is to refuse to purchase the insurance because the premiums are too high in comparison to the worth of his car.
What is insurance?A party promises to compensate another party in exchange for a fee in the case of a certain loss, damage, or injury as a way of financial loss protection. It is a method of risk management that is primarily employed to protect against the risk of a potential loss.
An insurer, insurance business, insurance carrier, or underwriter is a corporation that offers insurance. A person or company that purchases insurance is referred to as a policyholder, while someone or anything that is protected by the policy is referred to as an insured.
The insurance policy that the insured gets outlines the terms and circumstances under which the insurer will make payments to them, their chosen beneficiary, or assignee.
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How does the Fed’s decisions to increase or decrease discount rates or reserve requirements affect you as a consumer and potential borrower of money
The Federal Reserve's decisions to increase or decrease discount rates or reserve requirements can have a significant impact on consumers and potential borrowers.
When the Fed increases the discount rate, it makes borrowing more expensive for banks, which can lead to higher interest rates for consumers and businesses. This can discourage borrowing and reduce consumer spending, which can slow down economic growth. On the other hand, if the Fed lowers the discount rate, it can make borrowing cheaper and stimulate consumer spending and economic growth.
Changes in reserve requirements can also affect borrowing and lending activities. When the Fed increases reserve requirements, it reduces the amount of money that banks can lend, which can lead to higher interest rates and less borrowing. Conversely, when the Fed lowers reserve requirements, it increases the amount of money that banks can lend, which can lead to lower interest rates and more borrowing.
Overall, the Fed's decisions on discount rates and reserve requirements can impact the availability and cost of credit for consumers and Shareholder businesses, which can in turn affect spending, investment, and economic growth.
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How believable and authoritative someone is refers to:
OA. credibility and character.
B. the audience and their expectations.
OC. appeals and arguments.
OD. emotions and logic.
According to the question, believable and authoritative someone is refers to credibility and character.
What is authoritative?Authoritative is a type of leadership style where a leader has the final say in decisions and is respected by the team. It involves a leader setting clear goals and expectations and providing instructions on how to complete tasks. The leader is also firm and consistent in enforcing the rules and expectations, and provides guidance and support when needed. This type of leadership is often suited to situations where a leader needs to take a decisive action or make a quick decision. It also works well when a team is working on a specific task that requires discipline and focus. Authoritative leaders are often seen as strong and respected, and their teams are typically well-organized and productive.
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2) A deer is...
A. a kind of money.
B. a kind of animal.
C. made of shells.
D. gold or silver.
The answer is A.
Deers are animals
Bobby Cowell owned a construction company that built custom homes. He was forced to file for a Chapter 11 bankruptcy. He owns $8,000 worth of carpentry tools. What value, if any, of Bobby’s tools can be seized by his creditors?
If the value of Bobby's tools exceeds the amount of the exemption available, the excess may be subject to seizure by his creditors to satisfy outstanding debts.
In a Chapter 11 bankruptcy, also known as a reorganization bankruptcy, the debtor is allowed to continue operating their business while developing a plan to repay creditors over time. However, the debtor's assets may be subject to seizure by creditors to repay outstanding debts.
The value of Bobby Cowell's carpentry tools may be subject to seizure by his creditors in the bankruptcy proceedings. The exact amount that can be seized will depend on a variety of factors, including the value of his other assets, the amount of debt owed, and applicable state laws.
Under bankruptcy law, there are certain exemptions that allow debtors to keep some of their property, such as their primary residence, personal belongings, and tools of their trade. The exemption amount may vary by state, so it is important to consult with a bankruptcy attorney to determine the specific exemptions available in Bobby Cowell's state.
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Note- The Question seems Incomplete, and complete question isn't available in the search engine.
Under the Uniform Commercial Code (UCC), when must a depositary bank pass a check on to the next bank in the check
collection process?
A. • by midnight of the next banking day following its receipt
B. by midnight of the second banking day in which it received the check
C. in accordance with its agreement with its customer
D. within 24 hours of the time it received the check for deposit
The correct answer is A. Under the Uniform Commercial Code (UCC), a depositary bank must pass a check on to the next bank in the check collection process by midnight of the next banking day following its receipt.
This is known as the "midnight deadline rule" established by the UCC. The purpose of this rule is to ensure the efficient and timely processing of checks through the banking system. By adhering to the midnight deadline, the depositary bank facilitates the prompt transfer of funds and the clearing of checks, allowing for faster availability of funds to the payee.
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It is important to receive feedback from customers and employees on a prototype's efficacy. What is
efficacy?
A. How well something decreases raw materials cost
B. How well something increases profits for shareholders
C. How well something accomplishes the goal it was set out to accomplish
*any trolls will get reported*
Efficacy means the ability to produce the desired output.
It is definitely important to get feedback from employees and customers.
The raw material cost should be reduced subject to not reducing the quality of the raw material. If the raw material quality is affected then it would affect the sales.
To maximize the shareholder profit the sales should be increased and the cost should be reduced. And strategies should be taken to increase sales.
Achieving the goals and objectives would in turn increase the shareholder's return.
To achieve the goals and objectives strategic planning should be undertaken by the company.
You write a short story, but you want to make sure your work is protected before you post it online. What should you do to help protect your copyright? (Site 1)
Answer:
You can add the Copyright symbol. And write a notice below your work saying that if a person has to copy or copy-and-change your work, they should contact you or something. Make sure you leave you email [If you wanna.] And if you see your work any where else, just report the person or talk it out with them.
Explanation:
Which of the following do leaders need to do in the planning phase of the performance management cycle? (Check all that apply.)
a. Make very explicit links between follower performance and team or organizational outcomes.
b. Set clear, measurable, and agreed-upon goals for the what and how of follower performance.
In the planning phase of the performance management cycle, leaders need to do the following:
a. Make very explicit links between follower performance and team or organizational outcomes.
b. Set clear, measurable, and agreed-upon goals for the what and how of follower performance.
In the planning phase of the performance management cycle, leaders play a crucial role in setting the direction and expectations for their followers. By making explicit links between follower performance and team or organizational outcomes (option a), leaders ensure that their team members understand how their individual contributions impact the overall success of the team or organization.
This alignment helps create a sense of purpose and motivation among the followers, as they can see the direct connection between their efforts and the desired outcomes.
Additionally, leaders need to set clear, measurable, and agreed-upon goals for follower performance (option b). These goals should be specific, achievable, and aligned with the overall objectives of the team or organization. Clear goals provide followers with a clear understanding of what is expected of them, while measurable goals enable leaders to track progress and provide feedback.
When goals are agreed upon, it promotes a collaborative approach where leaders and followers can have a shared understanding of expectations, fostering a sense of ownership and commitment.
By incorporating these two actions into the planning phase, leaders can effectively align individual and team goals with organizational objectives, ensuring that performance management efforts are focused and purposeful.
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Match the types of expenses with the correct descriptions
A) Occur at different times
throughout the year and
tend to be in large lump
sums, like college tuition
payments and car repairs
1. Variable Expenses
B)Things you don't
necessarily need, like eating
out, gifts, and candy
C) Change in dollar amount
every month and include
things like utility bills,
gasoline, and groceries
D) Remain the same from month to month like rent and insurance premiums
1) Variable Expenses
2) Fixed expenses
3) Discretionary Expenses
4) Intermittent Expenses
Answer:
See below
Explanation:
1). Intermittent Expenses
Occur at different times throughout the year and tend to be in large lump sums, like college tuition payments and car repairs.
Although intermittent expenses are irregular (do not occur monthly), the amounts involved are predictable.
2). Variable Expenses
Change in dollar amount every month and include things like utility bills,
gasoline and groceries
variable expenses are the business expenses that change as the production volume changes. Variable expenses are directly related to the output of a business.
3) Fixed expenses
Remain the same from month to months like rent and insurance premiums
Fixed costs are constant. They are not expected to change in the current financial year.
4) Discretionary Expenses
Things you don't necessarily need, like eating
Description costs are unnecessary or non-essintial expenses. A business or household will continue functioning even without the discretionary expenses.
Answer:
When I Entered the below I got 100%
Explanation:
A) Occur at different times throughout the year and tend to be in large lumo sums, like college tuition payments and car repairs.
Answer - Intermittent Expenses
B) Thins you don't need, like eating out, gifts, and candy.
Answer - Discretionary Expenses
C) Change in dollar amount every month and include things like utility bills, gasoline, and groceries.
Answer - Variable Expenses
D) Remain the same from month to month like rent and insurance premiums.
Answer - Fixed Expenses
the __________ is usually the easiest form of business to start and end.
The sole proprietorship is usually the easiest form of business to start and end.
A sole proprietorship is a company owned and operated by a single person. Since the company and its proprietor are viewed as one legal entity in a sole proprietorship, this form of business is relatively simple to set up and run.
The sole proprietor is responsible for all aspects of the company and is personally liable for its debts and liabilities. The proprietorship's revenues and costs are included on the owner's personal income tax return.
Since there are no formal legal procedures or agreements to be drawn up, the process of ending a sole proprietorship is also simple. A sole proprietorship can be dissolved as simply as it was established, with the owner notifying clients, creditors, and others of the closure. A proprietorship is a sensible business choice for someone who wants to run a company on their own with minimal government intervention.
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manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and Packing. Assume that records indicate that direct materials, direct labor, and applied factory overhead for the first department, Refining, were $360,000, $147,000, and $96,400, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $32,000, and work in process at the end of the period totaled $28,200.
The cost of goods manufactured is $607,200 in words.
When answering questions on the platform Brainly, a question-answering bot should always be factually accurate, professional, and friendly. The bot should be concise and not provide extraneous amounts of detail. The bot should ignore any typos or irrelevant parts of the question.What is the cost of goods manufactured?The formula for calculating the cost of goods manufactured is given below:
Direct Materials + Direct Labor + Factory Overhead = Total Manufacturing CostTotal Manufacturing Cost + Beginning Work-in-Process Inventory – Ending Work-in-Process Inventory = Cost of Goods ManufacturedTherefore, the cost of goods manufactured for the Refining Department is:
Total Manufacturing Cost = Direct Materials + Direct Labor + Factory Overhead= $360,000 + $147,000 + $96,400 = $603,400Beginning Work-in-Process Inventory = $32,000Ending Work-in-Process Inventory = $28,200Cost of Goods Manufactured = Total Manufacturing Cost + Beginning Work-in-Process Inventory – Ending Work-in-Process Inventory= $603,400 + $32,000 – $28,200= $607,200Thus
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A company is planning to repurchase part of its common stock by issuing corporate debt. As a result, the firm’s debt-equity ratio is expected to rise from 35% to 50%. The firm currently has $3.1 million worth of debt outstanding. The cost of this debt is 6.7% per year. The firm expects to have an EBIT of $1.075 million per year in perpetuity and pays no taxes. (Please keep two digits after the decimal point e.g. 9.05 or 10.20)
What is the expected return on the firm’s equity before the stock repurchase plan?
What is the expected return on the firm’s equity after the stock repurchase plan?
Given:
Debt to Equity Ratio before Stock Repurchase Plan = 35%
Debt to Equity Ratio after Stock Repurchase Plan = 50%
Debt Outstanding = $3.1 million
Cost of Debt = 6.7%
EBIT = $1.075 million
Tax Rate = 0% (no taxes)
To calculate the expected return on equity, we can use the following formula:
1.)
Expected Return on Equity = EBIT / Equity Value - Interest on Debt * (1 - Tax Rate) / Equity Value
Expected return on equity before the stock repurchase plan:
First, we need to find the equity value before the repurchase plan using the debt-to-equity ratio:
Debt to Equity Ratio = Total Debt / Equity Value
35% = $3.1 million / Equity Value
Equity Value = $3.1 million / 35%
Equity Value = $8.857 million
Now, substitute the values into the formula to calculate the expected return on equity before the repurchase plan:
Expected Return on Equity before Repurchase = EBIT / Equity Value - Interest on Debt * (1 - Tax Rate) / Equity Value
Expected Return on Equity before Repurchase = $1.075 million / $8.857 million - ($3.1 million * 6.7% * (1 - 0)) / $8.857 million
Expected Return on Equity before Repurchase = 0.1214 or 12.14%
Therefore, the expected return on the firm's equity before the stock repurchase plan is 12.14%.
2.)
Expected return on equity after the stock repurchase plan:
To calculate the equity value after the repurchase plan, we can use the new debt-to-equity ratio:
Debt to Equity Ratio = Total Debt / Equity Value
50% = $3.1 million / Equity Value
Equity Value = $3.1 million / 50%
Equity Value = $6.2 million
Now, substitute the values into the formula to calculate the expected return on equity after the repurchase plan:
Expected Return on Equity after Repurchase = EBIT / Equity Value - Interest on Debt * (1 - Tax Rate) / Equity Value
Expected Return on Equity after Repurchase = $1.075 million / $6.2 million - ($3.1 million * 6.7% * (1 - 0)) / $6.2 million
Expected Return on Equity after Repurchase = 0.0876 or 8.76%
Therefore, the expected return on the firm's equity after the stock repurchase plan is 8.76%.
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I will give the right answer brainliest. Choose the option that best matches the description given.
_____ try to influence legislation and help human services organizations to achieve their goals.
1. Legislative aides
2. Lobbyists
3. Lawyers
Answer:
2. Lobbyists
Explanation:
A lobbyist is any individual or a group of individuals who communicates directly or indirectly with others to influence or attempt to influence the drafting, debate, vote, approval, or introduction of some legislation. In this context, a lobbyist may be a legislator trying to influence fellow legislators or any person who communicates with a legislator to advocate and promote the desires of human services organizations.
Answer:
Lobbyists
Explanation:
can someone help me for my obt project work can you say me how can I write object and conclusion on clay work of bear please....plss
Objective: To make a bear using clay
Conclusion: We can conclude that we have made the clay bear using (your ingredients) within a time frame of (time you required).
define the study of economics
analyze ways that economics influences our daily lives
identify three basic economic questions: What will be produced? How will it be produced? For whom will it be produced?
The Study of economics can be defined as the study of People. Economics tries to explain what driving factor behind human behaviour, decisions and reactions when faced with difficulties or successes.
The effects of economics on our daily lives can be analyzed in the following ways
Opportunity costHow to maximize utilityThe effects of externalitiesImportance of savingEffects of Inflation.What are the Basic Economic Questions? What should we produce How should we produce it For whom should we produce itLearn more about economics at https://brainly.com/question/17996535
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An IRS auditor randomly selects 3 tax returns (without replacement) from 59 returns of which 11 contain errors. What is the probability that all the returns she selects do not contain errors?
The probability that all the returns the IRS auditor selects do not contain errors is approximately 0.5072 or 50.72%.
To find the probability that all the returns the IRS auditor selects do not contain errors, we will use the concept of combinations.
Step 1: Determine the number of returns with errors and without errors.
There are 11 returns with errors and 59 - 11 = 48 returns without errors.
Step 2: Calculate the total number of ways to choose 3 returns from 59.
This is represented by the combination formula: C(n, k) = n! / (k!(n-k)!)
In this case, n = 59 and k = 3.
C(59, 3) = 59! / (3!(59-3)!) = 34,093
Step 3: Calculate the number of ways to choose 3 returns without errors.
We have 48 returns without errors, and we need to choose 3 of them.
C(48, 3) = 48! / (3!(48-3)!) = 17,296
Step 4: Calculate the probability of selecting 3 returns without errors.
Probability = (Number of ways to choose 3 returns without errors) / (Total number of ways to choose 3 returns)
Probability = 17,296 / 34,093 ≈ 0.5072
So, the probability that all the returns the IRS auditor selects do not contain errors is approximately 0.5072 or 50.72%.
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what is another name for a task force? multiple choice strategic alliance liaison group cross-functional team ad hoc committee
The term "task force" is often used interchangeably with "ad hoc committee," as both refer to a temporary group or committee formed to address a specific issue or problem.
However, among the options given, the term "cross-functional team" is most similar in meaning to "task force," as both involve bringing together individuals from different departments or areas of expertise to work on a specific project or goal.
A "strategic alliance" typically refers to a long-term partnership or collaboration between two or more organizations, while a "liaison group" typically involves representatives from different organizations or groups working together to exchange information or coordinate efforts.
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If you wanted to ask a database a one-time question, what method would you be most likely to use?
A. A query
B. A report
C. A field
D. A form
Answer:
A. A query
Explanation:
List three types of taxes that are based on wealth
They are Regressive, Proportional and Progressive Taxes.
Let understand that Wealth Taxes are different from Income Taxes because it is a compulsory financial charge of levy imposed with aim to reduce the inequality between the Rich and the Poor.
The three type of Wealth Taxes are:
Regressive Taxes is a type of tax where lower incomes are imposes with higher tax burden than those with higher incomes.Proportional Taxes is a type of tax where the same rate is applied to both low income and high income earners.Progressive Taxes is a type of tax which rates increases as the income increases as well.Learn more about Wealth Taxes here
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If an economist wishes to determine whether there is evidence that average family income in a community equals $50,000
a two-tailed test should be utilised.
None of the other options is correct
a one-tailed test should be utilised.
either a one-tailed or two-tailed test could be used with equivalent results.
If an economist wishes to determine whether there is evidence that average family income in a community equals $50,000, a one-tailed test should be utilized.
In a one-tailed test, the hypothesis is directional, meaning it tests whether the average family income is significantly greater than or less than $50,000. The alternative hypothesis (HA) would be specific to either being greater than $50,000 or less than $50,000.
The null hypothesis (H0) would state that the average family income in the community is equal to $50,000.
Using a one-tailed test allows the economist to focus on a specific direction of the hypothesis and determine if there is sufficient evidence to support that direction. If the economist is interested in detecting whether the average family income is significantly different from $50,000 without specifying whether it is greater or less, then a two-tailed test would be appropriate. However, based on the given statement, a one-tailed test is more suitable.
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Explain how the U.S. economic system differs from the economic system in Cuba.
according to the theory of comparative advantage, countries gain from trade because world output can rise when each country specializes in what it does relatively best. trade makes firms behave more competitively, reducing their market power. output per worker in each firm increases. every country has an absolute advantage in producing something.
According to the theory of comparative advantage, countries gain from trade because every nation has an absolute advantage in producing something.
An economy has a comparative advantage if it can produce a certain item or service at a lower opportunity cost than its trade counterparts. Comparative advantage is a theory that explains why trade is advantageous for businesses, nations, and people alike. Comparative advantage, as it relates to international commerce, refers to the goods that a nation can manufacture more readily or at a lower cost than other nations. Even while this often shows the advantages of trade, some modern economists now recognize that relying solely on comparative advantages can lead to resource exploitation and depletion in a nation.
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Which of these are commonly found on a partnership agreement?
Answer:
We need the options
Explanation:
please add options
- Osi
give four basic functions of the government
the 4 functions of government are:
1.maintain and make laws
2.raise taxes
3.protect environment
4.national defence
Answer:
listening to the citizens before making decisions .Helping in the development activities .making suitable rules and regulations for the country .Providing citizenship cards to the every citizens of the country .hope it is helpful to you
#1 You are driving down the highway when one of your tires suddenly blows out. You should
Pump your brakes rapidly, and steer your vehicle to control any skids.
Avoid using your brakes. Slow down gradually and concentrate on steering.
Press hard on your brake pedal and stop as quickly as you can.
Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollution units. If the government wants to reduce total pollution in the area to 6 units, it can choose between the following two methods:
Answer:
178 and 186
Regulation= 1,645
Tradable permits= 745
Elimination of pollution will be LESS costly
Explanation:
Calculation to Determine the total cost of eliminating six units of pollution using both methods
Computation for Method 1
REGULATION
Firm X = 95+120 = 215
Firm Y= 450+800 = 1,250
Firm Z= 80+100 = 180
Computation for Method 2
TRADABLE PERMITS
The prices at which firm Z willing to sell one of its permits to firm Y, but firm X is not will be :
178 and 186
Firm Initial permit Action Final Amount Cost of reduction
X 2 Sell 1 permit 3 95+120+200 = 415
Y 2 Buy 2 permit 0 0
Z 2 Sell 1 permit 3 80+100+150 = 330
REGULATION vs TRADABLE PERMITS
Regulation= 215+1250+180
Regulation= 1,645
Tradable permits = 415+330
Tradable permits= 745
Based on the above calculation for both regulation and tradable permits we can come to conclusion that elimination of pollution will be LESS costly to the society in a situation where the government distributes tradable permits because tradable permits is cheaper than regulation.
Emissions trading is a market-based strategy to pollution control that creates financial incentives for polluters to reduce their emissions.
178 and 186
Regulation= 1,645
Tradable permits= 745
Elimination of pollution will be LESS costly
Calculation to Determine the total cost of eliminating six units of pollution using both methods:-
Computation for Method 1REGULATION:-
Firm X = 95+120 = 215
Firm Y= 450+800 = 1,250
Firm Z= 80+100 = 180
Computation for Method 2TRADABLE PERMITS:-
The prices at which firm Z willing to sell one of its permits to firm Y, but firm X is not will be :
178 and 186
Firm Initial permit Action Final Amount Cost of reduction
X 2 Sell 1 permit 3 95+120+200 = 415
Y 2 Buy 2 permit 0 0
Z 2 Sell 1 permit 3 80+100+150 = 330
REGULATION vs TRADABLE PERMITS
Regulation= 215+1250+180
Regulation= 1,645
Tradable permits = 415+330
Tradable permits= 745
Based on the above calculation for both regulation and tradable permits we can come to conclusion that elimination of pollution will be LESS costly to the society in a situation where the government distributes tradable permits because tradable permits is cheaper than regulation.
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