The Nobel Prize-winning economist Oliver Hart once said, "If we know the marginal social cost [of pollution] emissions, a tax is better, but if we know the optimal quantity, cap and trade is better. " Given this statement and the knowledge of ways governments can intervene in markets, evaluate the following statement:

Any outcome that can be achieved by taxing can also be accomplished by establishing a quota.

This is because

a. If we know the marginal social cost, we can set the optimal quantity equal to the optimal price. If we know the optimal quantity, we can set a quota equal to the optimal price.

b. If we know the marginal social cost, we can set the tax so that price is equal to the optimal price. As a result, the optimal quantity will be achieved. If we know the optimal quantity, we can set a quota and the market will find the optimal price.

c. Knowing the marginal social cost allows companies to know how much to increase their prices and make more profits. This is better for the economy as a whole because then companies can create more jobs. Cap and trade restricts quantity, which lowers profits.

d. If we know the optimal quantity, cap and trade can be used to set the price. If we know the marginal social cost, a tax can be used to set the quantity

Answers

Answer 1

From the words of Oliver Hart, any outcome that can be achieved by taxing can also be achieved by establishing a quota because

if we know the marginal social cost, we can set the tax so that price is equal to the optimal price. As a result, the optimal quantity will be achieved. If we know the optimal quantity, we can set a quota and the market will find the optimal price.

What is marginal social cost?

This is the total cost that is accrued to a society given that there is a further action that was taken in a given economy.

This cost is greatre than social benefit at a point where the quantity demanded and the quantity supplied are equal.

Read more on social costs here: https://brainly.com/question/438670


Related Questions

Complete the statement below using the correct term.
on the job under _____
Highly motivated people who seek help from the right people will advance and be able to
most conditions

Answers

When a person is highly motivated, they will be more likely to advance and overcome most conditions in a job under pressure.

What happens to highly motivated people?

When a person is highly motivated to work, and seeks help from the right people, they will gain the necessary knowledge needed to advance in a company.

This means that their knowledge combined with their willingness to work hard on account of their motivation, will allow them to overcome most conditions regardless of the pressure they will be under.

Find out more on the employee motivation at https://brainly.com/question/18852626.

In a large open economy, what is the source of the domestic supply of loanable funds?.

Answers

National savings can be described as the source of domestic supply of loanable funds in an economy.

What is national savings?

This is a term that is used to refer to the sum of private and public savings in an economy.

National savings is the sum of the income in the economy minus the consumption and the expenditure in the nation.

Read more on national savings here: https://brainly.com/question/14521802

Louvers, Incorporated, accepted a $15,000, 180-day, 10 percent note from a customer on May 31. On June 30, Louvers prepared a period-end adjusting entry to accrue the $125 of interest owed on the note. The note is honored on November 27.
Prepare the necessary November 27 entry for Louvers by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. If there are multiple debits or multiple credits, please enter the account titles in alphabetical order. View transaction list Journal entry worksheet < 1 Louvers, Inc., accepted a $15,000, 180-day, 10 percent note from a customer on May 31. On June 30, Louvers prepared a period-end adjusting entry to accrue the $125 of interest owed on the note. The note is honored on November 27. Note: Enter debits before credits. Debit Credit Date Nov. 27 General Journal Cash Interest revenue Interest receivable Notes receivable Record entry Clear entry View general journal

Answers

Answer:

November 27                                      Debit                 Credit

Bank                                                    $15,750

(15,000+15,000*10%*180/360)

Accrued interest income                                              $125          

Interest income                                                              $625

Note receivable from customer                                   $15,000

which kind of flour contains more gluten and less starch
a.all purpose flour
b.bread flour
c.cake flour
d.soft flour​

Answers

Answer: b. bread flour

Explanation:

Different types of flour have varying gluten and starch content which is as a result of the kind of wheat used in making the flour.

Bread flour which is also called hard flour has gluten content of 13 to 14% which makes it the highest of the options. All purpose flour has around 12%, Cake flour has about 7.5 to 9% and soft flour is quite low as well.

what are loans to a company or government for a set amount of.time. they earn interest and are considered low-risk investments.
a) mutual funds
b) bonds
c) stocks
d) derivatives

Answers

Answer:

b) bonds

Explanation:

Bonds are investment assets. Investors lend money to the government and corporates over a fixed period. In return, the company or the government pays a fixed amount of interest periodically until the agreed fixed period is over( maturity date). At maturity, the investor receives back the full amount he had loaned out (the principal amount).

Bonds are considered a low-risk investment option. Governments hardly default on their bond obligations. Companies that issue bonds to the public regulated and are less likely to default on payments.

Which policy highlight would discuss how to approach an employer if you need to change a scheduled interview?.

Answers

The policy highlight that would address how to approach an employer if a scheduled interview needs to be changed is: The Public highlight.

What is a Public highlight?

A public highlight is an unwritten social laws institutionalized to solve unplanned problems. These policies serve as guide when implementing programs or actions created by an organization.

So for a planned interview to suddenly change, a public policy highlight would be most appropriate to implement. It gives room for an unforeseen event.

Learn more about Public Highlight here:

https://brainly.com/question/3006046

PLEASE HELPP:
Jones, Inc is trying to schedule a holiday party and would like to collect suggestions about the best date and location from their employees. The company has 200 employees on staff. What is the best form of communication to utilize and why?

Answers

Answer:

the best way is phone

Explanation:

becuase to get all of them in a group and tell them all

Read the factors of production for two businesses: In Case manufactures cases for smart phones, while Wrap It Up is a gift-wrapping service. In Case • $1,500 a month for rented building • Will need two new employees • $2,000 for inventory expenses • $4,500 for equipment expenses Wrap It Up • $1,500 a month for a rented store • Will need five new employees• $1,500 for inventory expenses • $2,500 for equipment expenses Which statement correctly compares the two businesses?

Answers

Answer:

In case is relatively more capital intensive & Wrap it up relatively more labour intensive.

Explanation:

Comparing 'In Case' cases for smart phones & 'Wrap it up' gift wrapping service

In case : 1500 rent, 2 employees, 2000 & 4500 inventory & equipment expenseWrap it up : 1500 rent, 5 employees, 1500 & 2500 inventory & equipment expense

Land fixed cost requirements for both are same. However, In case needs less labour & more inventories, equipment expense. Wrap it up needs more labour, less inventory, equipment expense.

So, In case is relatively more capital intensive & Wrap it up relatively more labour intensive.

Answer:

The correct answer is In Case will require a less costly investment in labor, while Wrap It Up will require less capital in the long term.

Explanation:

Explanation: They are comparing different things but in the same purpose. Which actually makes the comparison valid and correct.

SCORE is a for-profit organization that provides online and in-person assistance in about 100 locations throughout the United States. Group startsTrue or False

Answers

It is a false statement that SCORE is a for-profit organization that provides online and in-person assistance in about 100 locations.

What is SCORE?

SCORE means Service Corps of Retired Executives.

The organization is nonprofit organization that is founded to provides free and confidential business mentoring services to small business owners in the United States.

In conclusion, It is a false statement that SCORE is a for-profit organization that provides online and in-person assistance in about 100 locations.

Read more about nonprofit organization

brainly.com/question/26476622

what conflict situation is should I accept the job offer I currently have or should I wait to hear from the company that I really want to work for

Answers

In a conflict situation where a person has a job offer but is still waiting for a response from the company he wants to work with, it is best to properly weigh your options and take up the existing job offer.

What is a Career Interest?

This refers to the situation where a person has certain preferences about where he would like to work in relation to other jobs or job offers.

Hence, we can note that because there is an already existing job offer, it would be worthwhile to take it and gain creditable experience which would help you land your dream job.

Read more about career interests here:

https://brainly.com/question/12474722

When interacting with a customer who has a rational style and keeps communication brief, your best strategy is to

Answers

The best strategy which a person should use when interacting with a customer who has a rational style and keeps communication brief is:

Ask open-ended questions to obtain information.

What is Communication?

This refers to the exchange of information between two or more people where feedback is given through a medium.

With this in mind, we can note that because the customer has a rational style and communicates in a straightforward manner, then the best strategy would be to ask open-ended questions to obtain information.

Read more about communication here:

https://brainly.com/question/26152499

____________ reflects the degree to which a person finds fulfillment in their job. a. Job involvement b. Organizational commitment c. Organizational citizenship d. Cognitive dissonance e. Job satisfaction

Answers

It should be noted that Job satisfaction reflects the degree to which a person finds fulfillment in their job.

What is Job satisfaction?

Job satisfaction or employee satisfaction  can be regarded as the measure of workers' contentedness with their job.

Job satisfaction help the workers to be committed to his job.

Learn more about Job satisfaction at;

https://brainly.com/question/235909

Which of the following is the definition of point of operation?

a)Component of the machine which moves while the machine is working

b) Part of the mechanical system which conducts energy to the part of the machine performing the work

c) Area on a machine where the work is performed

d) Repetitive up-and-down or back-and-forth linear motion

Answers

Answer:

Explanation:

B.

Why is it a good idea to check your bank statements on a regular basis?.

Answers

Reviewing your account statements can help you identify ways to save in fees, particularly if you are paying excess savings transaction fees.

Joining a career and technical student organization is a good way to
1. develop skills that match your areas of interest
2. get a part-time job to earn spending money
3. show your commitment to helping people
4. work on scholarship applications

Answers

Answer

A: develop skills that match your areas of interest

Answer:

A.

Explanation:


Which challenge leads to a gap between the objectives of the IS systems and the business needs when developing the IS?

Answers

Answer: Lack of documentation

Explanation:

Even if your family can pay the full amount of attending college, filling out the Free Application for Federal Student Aid (FAFSA) is a good idea because:

A. your situation and interest rates might change.

B. you can better qualify for merit-based financial aid.

C. it shows how wealthy you are.

D. you are guaranteed to get some kind of aid.

Answers

Answer:

the correct and sure answer is D

You are guaranteed to get some kind of aid.

Thus, the correct option is D.

What is an aid?

The international transfer of money, products, or services from one nation to another or from an international organization to another nation or its people. Aid might be financial, military, or humanitarian in an urgent situation.

Aid for Trade aims to assist developing nations, particularly the least developed, in creating the infrastructure and trade capability necessary to take advantage of trade openness.

Aid is support provided from one nation to another. It includes resources including cash, tools, education, and loans. Foreign help can come from non-governmental organizations (NGOs) or from the government of one nation to the government of another.

Grants, scholarships, loans, and work study are the four fundamental categories of financial aid, and federal, state, institutional, and private are the four fundamental sources.

Foreign aid can be used to further the political objectives of a government, enabling it to garner respect for its participation in international institutions, achieve diplomatic recognition, or enhance the reach of its ambassadors abroad.

Learn more about aid, here

https://brainly.com/question/769309

#SPJ3

Describes at least three resources you have used in the past to find information

Answers

Answer:

1. newspaper

2. books

3. internet

Which of the following is most likely to create a long-term trend? A. Fashion B. Entertainment C. Television shows D. Demographics

Answers

Answer:

I think it's A.fashion

Answer:

D

Explanation:

this is supposed to be the correct answer on Edge

( I put A. on Edge)

Bebarly appreciates compliments about her new photography business but really values constructive criticism, as she can then address particular issues. According to Julian Rotter, Bebarly has a(n)

Answers

Assuming Bebarly appreciates compliments about her new photography business but really values constructive criticism. According to Julian Rotter, Bebarly has a(n): internal locus of control.

What is  internal locus of control?

Internal locus of control can be defined as the way in which a person or an individual believe  that whatsoever happen to them is as a result of their own capabilities.

A person with Internal locus of control personality will tend to believe that their action is what lend to the positve result they had just as in the case of Bebarly.

Inconclusion according to Julian Rotter, Bebarly has a(n): internal locus of control.

Learn more about Internal locus of control here:https://brainly.com/question/13941750

a bank holding company owns a bank that is chartered by the Office of the Comptroller of the Currency (OCC) of the U.S. Treasury Department and has federal deposit insurance, it can be regulated by

Answers

The Federal Reserve is the federal entity that regulates the bank holding company that is chartered by the Office of the Comptroller of the Currency.

What is a bank holding company?

A bank holding company refers to an independent company that controls banks but does not itself in their activities.

In conclusion, the Federal Reserve is the federal entity that regulates the bank holding company that is chartered by the Office of the Comptroller of the Currency.

Read more about bank holding company

brainly.com/question/4628478

What should you mention about the interview in your thank-up letter?

Answers

Answer:

-Thank the interviewer for their time

- Reiterate interest in the position/company

- Remind the employer of your qualifications

- Follow up with any information requested of you

Explanation:

Consider this thank-you as a follow-up "sales" letter; in addition to thanking the person with whom you interviewed, it should reiterate your desire for the position. Describe your motivations for applying for the position, your qualifications, and how you might contribute significantly.

Why is it important to send a thank you letter after an interview?

You have the chance to restate key topics from your interview in a thank-you note. Have you ever left an interview wishing you had stressed a particular ability or experience the hiring manager seemed to be seeking more forcefully? You have the opportunity to do it after an interview by writing a thank-you note.

A thank you letter should end by stating that it was a joy to speak with the employer about the position. You should end by saying that you hope to hear from the employer with further instructions. The last step is to sign your name and include your phone number and email address.

Learn more about the thank-up letter here:

https://brainly.com/question/15151348

#SPJ6

MPUM BOTTLE MANUFACTURERSTABM)
Mpumi Bottle Manufacturers is a large business well known for supplying quality plastic
bottles, is the most customer-centric company, that build a place where people can come
find any bottle. The financial manager borrowed money from Blue bank at a high-interest
rate to buy material and equipment for manufacturing bottles. MBM has recently appointed
two experienced employees who are responsible for branding the bottles
The demand for branded bottles increased in other provinces they opened another branch
in North West Province. Raheem Trading opened a similar business that offers the same
services at a lower price,
Gail, the director shares the understating of how things are done in the business to
accomplish the business mission Raheem Trading's board of directors strongly believes in
good leadership and management for the success of the business.
Bennie the purchasing manager, at Raheem Trading ensures that there is enough stock
available for continuous production, Place orders with suppliers and follow up on them.
The credit department supervisor educates consumers on making the right choices when
they apply for credit
1.1.1 Quote the visions statement of mpumi bottle manufacturers in the case study above
1.1.2 Name ONE component/feature of each business environment in the cas study above .motivate your answer by quoting from the case study

Answers

Answer:

Name one component/feature of each business environment in the case study

Which situation is an example of comparative advantage in an international market? country a decides to grow extra potatoes so they have more to export, while country b does not grow potatoes to export. factories in country a and country b produce the same number of tablet computers. country a’s factories could be used instead to build more laptops than the factories in country b. country a invests in a new technology while country b chooses to invest in education. country a can produce 100 units of rice per acre of farmland, while country b can only produce 70 units of rice per acre of farmland using the same resources.

Answers

Country A produces 100 units of rice per acre of farmland and Country B produces 70 units of rice per acre of farmland using the same resources.

What is the theory of comparative advantage?

The theory of comparative advantage introduces opportunity costs as an analysis factor in choosing between different production options.

Comparative advantages include producing more goods at a lower cost than our trading partners, lowering prices, and making more profits from it.

In the last option, we see higher productivity in Country A compared to country B, both of which are under the same conditions.

Therefore, it is easy to see that Country A is profitable when trading in the international market. Thus, Country A has a comparative advantage over country B.

To learn more about Comparative advantage, refer:

https://brainly.com/question/7045530

Answer: D. Country A can produce 100 units of rice per acre of farmland, while Country B can only produce 70 units of rice per acre of farmland using the same resources.

Explanation:

edge 2023

Which resource management task includes activating?.

Answers

Answer:

Which resource management task enables resource coordination throughout the incident? Incident information is used across ICS, EOCs, MAC Groups, and JIS to aid in planning, determine incident costs, and identify safety issues.

Strategic planning and strategic thinking differ according to.

Answers

It should be noted that Strategic planning and strategic thinking differ according to The immediacy of their responses to real or anticipated opportunities.

What is Strategic planning and strategic thinking all about?

Strategic planning  serves as the process whereby organizational leaders determine their vision for the future.

Strategic thinking is more focus on finding and developing unique opportunities to create value as regards organisation's direction.

They are different based on their immediacy of their responses about the circumstances around.

Learn more about Strategic planning and strategic thinking at:

https://brainly.com/question/24864915

Accounts receivable, net of the allowance for doubtful accounts is called:.

Answers

Accounts receivable, net of the allowance for doubtful accounts is called  net realizable value.

What is net realizable value?

Net realizable value is the method of knowing the value of asset that is held as inventory. The purpose of this method is to avoid overstating or understating the value of an goods in inventory.

The net realizable value is the result of deducting the costs incurred in selling the goods from its selling price.

Hence, accounts receivable, net of the allowance for doubtful accounts is called  net realizable value.

Learn more about net realizable value here : https://brainly.com/question/794345

A company that expects that some of its customers will not pay the agreed upon sales price must utilize the.

Answers

A company that notices that some of its customers will not pay the agreed-upon sales price must make use of the allowance method of accounting.

What is the allowance method in accounting?

The allowance method is a strategy of putting up a reserve for potential consumer debt in the future. The reserve is calculated based on the sales percentage generated in a given reporting period, may be modified for the risk related to specific clients.

The allowance method calculates the provision for uncertain accounts by multiplying and scaling the accounts receivable by the correct percentage for the aging period and then adding the two totals altogether.

Therefore, a company that notices that some of its customers will not pay the agreed-upon sales price must make use of the allowance method of accounting.

Learn more about the allowance method here:

https://brainly.com/question/26741047

types of waves that can be plane polarized


Answers

Plane polarisation is the method of allowing only waves orientated in the same direction - only allowing vibrations in one plane. Only transverse waves can be plane polarised because their vibration is perpendicular to the direction of energy travel - you can therefore have this vibration at different orientations

turell grant is a claims adjustor his biweekly salary is 1,075. what is his annual and monthly salary?

Answers

Answer:

$27,950 and $2,329. 17

Explanation:

Bi-weekly means every two weeks.  A biweekly salary is paid once every two weeks.

One year has 52 weeks; a Biweekly salary will be paid (52/2) times in a year.

Yearly salary will be $1075 x 26

=$27,950

The monthly salary will be yearly salary divide by 12

=$27,950/12

=$2,329. 17

Other Questions
Of the 14 clients at Bob's salon, 7 of them have red hair. What is the probability that a randomly selected client at Bob's salon has red hair? P(red) = due todayplease help is it possible to get the sims 4 without paying or the free trial? There are 34 desks in the classroom, however, 3 of the desks are broken. How many groups of 4 unbrokendesks can be made?6 groups07 groups8 groups9 groups Please help!!Find the equivalent rate:300 miles in 20 seconds to miles per minute.30 miles per min15 miles per min3 miles per min The distance between slits on a diffraction grating is 0. 60 mm, and one of the angles of diffraction is 0. 30. The light forms a second-order bright band. How large is the path difference? 1047 nm 1571 nm 3142 nm 6284 nm. Which statements describe characteristics of an introduction? Select the two correct answers. After reviewing the results of a math test, the teacher tells the class that those students who completed their review worksheets scored an average of 10 points higher on the test than those students who did not complete their review worksheets. Which of the following best describes how the teacher likely came to this conclusion? the diameter of a circle is 22.4cm find it's area The right-hand rule applies to what kind of charge?. Which of the following statements about entropy is true? a. entropy increases going from one trophic level to another. b. increases in entropy lead to reversible processes. c. a systems work output is limited when changes in entropy do not occur. d. all of the above please select the best answer from the choices provided a b c d Jackson enjoys looking up at the night sky and writing about the variety of objects he sees. On one special occasion, he wrote in his journal that he saw a streak of light going across part of the sky. Which answer best describes what Jackson saw? * 1 point Meteorite: A cold mixture of dust and ice that develops a long tail as it nears the sun Meteor: A cold mixture of dust and ice that develops a long tail as it nears the sun Meteorite: A streak of light made when an object burns up as it enters Earths's atmosphere Meteor: A streak of light made when an object burns up as it enters Earth's atmosphere write the steps for a covalent bond for s2 please answer this9+5x2+ 1 Carpet Plus installs carpet for $100 plus $8 per square yard of carpet. Carpet World charges $75 for installation and $10 per square yard of carpet. Find the number of square yards of carpet for which the cost including carpet and installation is the same. how do i do 21 divided by 18 What are two causes of Acid rain in germany How does the dialogue between george and hazel develop kurt vonneguts message that advanced technology dehumanizes individuals? hazel and george do not discuss their feelings about the arrest of their son. george thinks about their abnormal son who was recently taken to jail. george agrees that hazel would be a good handicapper general. hazel believes that the handicapper general is normal. Identify the technique developed by HOMERwhich was used to identify direction on theSea of ocean. Sammy scored an 80% on her math quiz. She answered 12 correctly. How many questions were on her quiz?