Explain the difference between fixed-production technology and variable technology. Should the government set a goal of...

Explain the difference between fixed-production technology and variable technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with-fixed production technology? Should they do that in industries with variable technology?

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Expert Solution

Fixed production technology is the technology which is fixed with the production units. Either the yield increase or diminishing the fixed production technology will stay steady. What's more, factor production technology is the technology which fluctuates with the variety in the degree of production.

The administration should set an objective to reduce the marginal cost of pollution to zero in industries with fixed technology as per me since when they will reduce the marginal cost of pollution to zero in industries with fixed technology, the general cost of the item will be reduced. What's more, it will be influenced by the source. Much the same as we realize that fixed cost is the cost that is as yet causing even at no production and it doesn't increase with the production. In this way, where there is no production, and we are paying our fixed cost technology, so by diminishing it, we can show signs of improvement profits by the beginning.

Rahul Sunny answered 5 months ago

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