Two firms can choose from five different technologies to reduce their pollution: A,B,C,D and E.The amount of pollution emitted by each technology and the cost of the technologies are shown in the table.Both firms have adopted technology A and currently emit 4 tons apiece.The government is considering two plans to reduce pollution: a 50% reduction by both firms or selling pollution permits.One permit entitles the owner to emit one ton of pollution.Without a permit,no pollution can be emitted.
If the government decided to use permits instead of regulation,in order to reduce pollution by 50% it would need to sell _____ permits.
A) 4
B) 2
C) 3
D) 5
Correct Answer:
Verified
Q41: The major difficulty with using a tax
Q50: Compared to the taxing of pollution,pollution permits
Q55: Two firms can choose from five
Q57: Two firms can choose from five
Q59: Two firms can choose from five
Q65: Suppose that all workers value a safe
Q74: Pat has just graduated from college and
Q75: Suppose that a government agency is trying
Q76: Workplace safety laws are _ in developed
Q78: Suppose that all workers value a 1%
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents