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.. , VPN 9:50 * 3390 Back mmM Apply Ch1-4.cdf A0o 1 Background-> LightBlue, Frame Margins 5] a. 60, 75 6. Pollution Permits. Consider a state where each power plant initially generates two tons of pollution. Hiram's plant can reduces its pollution at a cost of $50 per ton, while Lola's plant can reduce its pollution at a cost of $20 per ton. Under a uniform-reduction policy, the state gives each firm one pollution permit, meaning that each plant must reduce its pollution by one ton. Describe a Pareto improvement that makes each firm better off by the same amount. The number of pollution permits is fixed at two a. For a Pareto improvement, Hiram [ and Lola [ b. Each firm gains $I FlipView[f"hint & numbers", "a. How much is each firm willing to pay for a pollution permit? How much is each firm willing to accept for a pollution permit?b. 15"), 1, Background -> LightBlue, FrameMargins -> 5] a. How much is each firm willing to pay for a pollution permit? How much is each firm willing to accept for a pollution permit?b. 15 7. Crypto Humor: Outrun a Hungry Bear? Dash and Slog are identical twins, so they have the same shoe size. On a camping trip the twins awake in their tent to the sound of a rustling, pawing bear. SlogExplanation / Answer
Marginal analysis involves a cost-versus-benefits comparison of various business activities. In marginal analysis, the cost of an activity is measured against incremental changes in volume to determine how the overall change in cost will affect the bottom line of a business. Marginal analysis can show the cost of additional production by a business all the way up to the break-even point. This is generally the maximum cost that a business can sustain without losing money.
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