suppose that a government agency is able to estimate the pollution abatement equations and set quotas for each firm. how will it divide up the 1000 units of pollution between the two? give all answers to two decimals.

Answers

Answer 1

Answer:

Firm 1 will be given a quota of 692.31 units, and Firm 2 will be given a quota of 307.69 units.

To determine how the government agency will divide the 1000 units of pollution between the two firms, we need to consider their marginal costs of pollution abatement and the constraint that their combined pollution cannot exceed 1000 units.

Let's solve for the optimal allocation using the given marginal cost functions:

1. Set up the optimization problem:

Maximize total pollution abatement subject to the constraint:

x₁ + x₂ ≤ 1000

2. Determine the marginal cost functions for each firm:

Firm 1's marginal cost of pollution abatement: c₁(x₁) = 6000.00 + 4.00x₁

Firm 2's marginal cost of pollution abatement: c₂(x₂) = 1500.00 + 8.00x₂

3. Formulate the objective function:

Maximize c₁(x₁) + c₂(x₂)

4. Solve the optimization problem using the given constraint:

Subject to x₁ + x₂ ≤ 1000

By substituting the marginal cost functions, the problem becomes:

Maximize (6000.00 + 4.00x₁) + (1500.00 + 8.00x₂)

Subject to x₁ + x₂ ≤ 1000

5. Solve the optimization problem to find the optimal allocation:

By solving the problem, we find that x₁ ≈ 692.31 and x₂ ≈ 307.69.

Therefore, the government agency will allocate a quota of approximately 692.31 units to Firm 1 and a quota of approximately 307.69 units to Firm 2 to ensure that the combined pollution does not exceed 1000 units.

The complete question is:

Two firms operate in a manufacturing industry that generates a significant amount of pollution. The local government has decided to crack down and limit the total amount of pollution to 1000 units. Each firm has a different cost of cleaning up its production process. Firm 1's marginal cost of pollution abatement is c₁(x₁) = 6000.00 +4.00 x₁ and firm 2's marginal cost of abatement is C₂(x₂) = 1500.00+ 8.00(x₂), where x₁ and x₂ are the amounts of pollution emitted by each firm. The two firms are constrained to produce no more than the 1000 units of pollution combined. 1st attempt See Hint

Suppose that a government agency is able to estimate the pollution abatement equations and set quotas for each firm. How will it divide up the 1000 units of pollution between the two? Give all answers to two decimals.

Firm 1 will be given a quota of____ units and firm 2 will be given a quota of ___units.

To know more about marginal costs, refer here:
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This function of business focuses on ongoing activities at the business with a focus on running efficiently.

Answers

Answer:

Operations.

Explanation:

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people more economic freedom.
2.)Government should not control the
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3.)Government intervention is necessary
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4.)Competition is a regulatory force.
A.) Adam Smith
B.)Friedrich Von Hayek
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Answers

A. Adam Smith, Father of Modern Economics," believed that competition is a regulatory force. He argues that keeps self-interest at bay by restraining the ability to take advantage of consumers.

B. Friedrich Von Hayek, often called F.A. Hayek, believed that less government intervention gives people more economic freedom. He wrote about it in his pamphlet, "Economic Freedom and Representative Government."

C. John Maynard Keyness, according to Keynesian economics, one of the tenets of this school of thought is that government intervention is necessary for stability.

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Answer:

b goes to 1, d goes to 2, c goes to 3 and a goes to 4

Explanation:

The traits, skills, experience, knowledge, and other features necessary for job success are calledinternships.
job qualifications.
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health benefits.

Answers

job qualifications

qualify means that you are at a high enough level

example
'have you met the job qualificatins' is the same as 'have you got to a high enough level with the right equipment so you can fight this boss?"

job qualifications

Answer:

Explanation:

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Answers

The right answer for the question that is being asked and shown above is that: "c. to distribute responsibility" the ultimate purpose of the system of checks and balances is that c. to distribute responsibility

_______ exists for an employee when his or her manager has an expectation that the job will be performed and has the right to take corrective action if it is not. A. responsibility B. accountability C. authority D. coordination E. span of control

Answers

Answer:

B. accountability

Explanation:

Based on the information provided within the question it can be said that the term being mentioned is accountability. This term refers to an individual being responsible for something that if not done they have to answer for and accept the consequences. Which in this scenario, the employee has certain tasks that are expected to be completed by him/her and if they are not then he/she is accountable and the employer may decide a certain punishment such as firing the employee.

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Answers

Answer:

Effective leadership

Explanation:

Effective leadership is being about a good leader which encourages transparency. Good leaders exhibit confidence, courage, passion, ambition and commitment. In this leadership, the strengths as well as the talents of the people are nurtured and also people are motivated to achieve further goals. There are talks about poor results and work together to overcome the issues.

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