1.Pollutions control policies such as direct regulation and effluent fees will: Lower consumer prices Raise...

1.Pollutions control policies such as direct regulation and effluent fees will:

Lower consumer prices

Raise the sales of those firms being regulated or taxed

Cause social costs to exceed private costs

Increase the external diseconomies of production

Increase firms’ costs of production

Expert Solution

Solution:-Cause social costs to exceed private costs

Explaintion:- Pollutions control policies such as direct regulation and effluent fees will Cause social costs to exceed private costs.The economics literature on environmental policy makes a compelling case for the use of effluent fees to control polluting activities. This analysis, however, proceeds from the assumption of profit maximizing behavior by polluters. Since (non-profit-maximizing) public agencies are a major source of environmental damage, this paper investigates the likely response of bureaucrats to effluent fees in terms of some extended versions of the Niskanen model of bureaucratic behavior. We find that, at least for a range of plausible cases, such fees can induce significant reduction in polluting activities. The results are sufficiently encouraging to make the extension of fees to public agencies worthy of serious consideration.

Rahul Sunny answered 1 year ago

Q.1 Mark “T” for true and “F” for false. 1. Lower gasoline prices raise the demand...

Q.1 Mark “T” for true and “F” for false. 1. Lower gasoline prices raise the demand for cars (ceteris paribus). ( ) 2. Movement along the demand curve is also called change in demand. ( ) 3. A reduction in the wage paid to autoworkers lowers production costs and increases supply.( ) 4. A movement along a given supply curve for a commodity is a result of a change in its price ( ). 5. If demand increases...

1. Do you think it is appropriate that the consumer bears part of the burden of pollution fees in the form of higher prices? Why or why not?

1. Do you think it is appropriate that the consumer bears part of the burden of pollution fees in the form of higher prices? Why or why not? 2. Do you think we are a throwaway society? Are your attitudes towards consumption of goods the same as your parents? Your grandparents? (Think of how goods have changed over the years.) 3. A few years ago we became aware that disposable diapers were a major item being put into U.S. landfills....

Corporate governance is a system of policies, processes, and mechanisms that direct and control corporations. Discuss...

Corporate governance is a system of policies, processes, and mechanisms that direct and control corporations. Discuss how corporate governance is linked with Information Technology governance.

In your opinion, how much time should a consumer spend on shopping (searching) for lower prices...

In your opinion, how much time should a consumer spend on shopping (searching) for lower prices (you may want to apply the marginal analysis)?

You want to raise your markup percentage but your can't raise prices and your vendors won't give you a lower cost. What should you do?

You have the following purchases by itemItem Total Retail Total CostT-Shirts 956 398Caps 456 219Scarfs 195 100Flags 270 200Mugs 211 100You want to raise your markup percentage but your can't raise prices and your vendors won't give you a lower cost. What should you do?Sell more T-shirts to change the mixSell more flags to change the mixThere is nothing you can do if you can't raise prices...

1. Command-and-control policies and market-based policies are policies used to deal with externalities. Provide a specific...

1. Command-and-control policies and market-based policies are policies used to deal with externalities. Provide a specific example of each policy in the economy today and explain how they work. 2. “Any public good is worth producing because it benefits so many people.” Do you agree with this statement? If not, how would you decide which public good should be produced and which should not? 3. Explain why there is excess environmental pollution in our society?

1. Airlines are doing better right now because of lower fuel prices, but it is still...

1. Airlines are doing better right now because of lower fuel prices, but it is still a highly competitive industry with narrow margins and low profit per passenger. Some airlines have extra charges of up to $50 for checked bags, some are charging for meals, and one has considered charging for access to bathrooms. One airline announced a plan to charge by the pound. Is this reasonable? Is it price discrimination? For those that do not understand how aircraft work...

1.Discuss the mechanisms that control the regulation of gene expression, after mRNA is transcribed. •Cis- and...

1.Discuss the mechanisms that control the regulation of gene expression, after mRNA is transcribed. •Cis- and Trans-acting elements can u tell me plzz in brief

Question 1. Use one example to explain how bad institutions and policies can raise the cost...

Question 1. Use one example to explain how bad institutions and policies can raise the cost of investments. (10 marks）

1. If the Consumer Price Index is 125, then prices have a. risen 25 percent in...

1. If the Consumer Price Index is 125, then prices have a. risen 25 percent in the last year. b. risen 25 percent since the base year. c. declined 75 percent since the base year. 2. In the economy of Talikastan in 2015, consumption was $5300, GDP was $8800, government purchases were $1800, imports were $600, and investment was $2000. What were Talikastan’s exports in 2015? (Hint: Use the formula: GDP = C + I + G + X -...

Question