Steel production creates pollution. If a tax is imposed on steel production equal to the marginal external
Question:
Steel production creates pollution. If a tax is imposed on steel production equal to the marginal external cost of the pollution it creates, ______.
A. Steel producers will cut pollution to zero.
B. The deadweight loss created by steel producers will be cut to zero.
C. The market price of steel will rise by the amount of the tax.
D. Steel producers will continue to produce the inefficient quantity of steel.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (11 reviews)
B The tax makes the pr...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
You know that if a tax is imposed on a particular product, the burden of the tax is shared by producers and consumers. You also know that the demand for automobiles is characterized by a stock...
-
When a tax is imposed on a supplier and supply is more inelastic, there is _____ tax shifting and the incidence of taxation will fall mainly on the _____. A. little, buyer B. little, seller C. much,...
-
Suppose a 10 percent tax is imposed on airplane tickets. a. Use Equation (15.3) to calculate the excess burden of this tax when the price elasticity of compensated demand is -1.1 and airplane ticket...
-
In Exercises 7683, use a graphing utility to graph the function. Use the graph to determine whether the function has an inverse that is a function (that is, whether the function is one-to-one). f(x)...
-
How many opinions does the independent auditor issue as a result of the annual engagement?
-
What is the likely reason that the parietal lobe is activated in brain scans while people are responding to moral dilemmas?
-
Those who shop only at Walmart believe they will receive the lowest price on quality service and products without hassles. This type of pricing strategy is known as ____ pricing. a. dynamic b....
-
Set up the following T-accounts: Cash, Accounts Receivable, Office Supplies, Office Furniture, Accounts Payable, Common Stock, Dividends, Service Revenue, Salary Expense, and Rent Expense. Record the...
-
A 20N force acts perpendicular to the door 0.8m wide at its edge. Find moment at hinges. Also find moment at hinges if 20N force acts at 60 with the plane of door. i) 20N force acting perpendicular...
-
1. If the laws are strict in one country, but lax in another country, do cruise ship companies have an ethical obligation to follow the stricter laws even when they are temporarily sailing through...
-
A good or service with a positive externality is one which ______. A. Everyone wants to have access to B. Is produced in the social interest C. The marginal social benefit exceeds the marginal...
-
Whole foods to become first national supermarket to ban plastic straws Whole Foods is set to completely ban plastic straws and will introduce paper straws across all its stores in the U.S., Canada...
-
You are designing a PPS sample to determine how many accounts receivable confirmations to send. There are 2,000 customer accounts with a total book value of $5,643,200.You estimate the maximum...
-
Describe the methodology for the direct and indirect cash flow methods including the major cash flow categories of operating, investing, and financing activities and give examples of each activity....
-
An investor buys a $10,000 par, 4.3 percent annual coupon TIPS security with two years to maturity. If inflation every six months over the investor's holding period is 2.50 percent, what is the final...
-
Carefully reflect on your life to date and, using the description of needs at each level in Maslow's hierarchy, try to answer the questions below. What level of needs satisfaction do you feel you...
-
Mr. Farmer has cash in the bank of $4,000. He owns a farm house he paid $1,000,000 for, and has a loan of $500,000 on the property. He owns a truck that he paid $60,000 for, and has an auto loan of...
-
Computing the Carrying Value of Intangibles On January 3, Munn and Cody entered into a noncompetition agreement in connection with Munn's purchase of a trademark from Cody. Munn paid Cody $880,000,...
-
At a particular point in orbit a satellite in an elliptical orbit has a gravitational potential energy of 5000 MJ with respect to Earth's surface and a kinetic energy of 4500 MJ. Later in its orbit,...
-
Access the Federation of Tax Administrators Internet site at www. taxadmin.org/state-tax-forms and indicate the titles of the following state tax forms and publications: a. Minnesota Form M-100 b....
-
Explain how Internet access has changed the production possibilities and the opportunity cost of producing education and news. Everyone should have free Internet access to education, news, jobs, and...
-
Sketch a PPF with education and news on the x-axis and other goods and services on the y-axis before and after the Internet. Everyone should have free Internet access to education, news, jobs, and...
-
Sketch a PPF with education and news on the x-axis and other goods and services on the y-axis before and after the Internet. Everyone should have free Internet access to education, news, jobs, and...
-
How do environmental factors, such as diet, microbiota composition, and exposure to pollutants, influence immune function and susceptibility to infectious and inflammatory diseases?
-
How do environmental factors, such as diet, microbiota composition, and exposure to pollutants, influence immune function and susceptibility to infectious and inflammatory diseases?
-
What is the mechanistic basis underlying the phenomenon of immunological memory, and how does it contribute to the robustness of adaptive immunity?
Study smarter with the SolutionInn App