Suppose a manufacturer is harming its neighbors by

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Finite Mathematics and Applied Calculus
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Chapter 11 / Exercise 66
Finite Mathematics and Applied Calculus
Costenoble/Waner
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33. Suppose a manufacturer is harming its neighbors by releasing pollution into the environment. Which of the following would be an economically efficient way to reduce this pollution? 1.Make the manufacturer pay a Pigovian tax in the amount of the harm its pollution imposes on its neighbors. 2.Set up a regulatory agency to enforce a total ban on pollution. 3.Do nothing. The manufacturer is creating jobs and jobs are always good for society. 4.Offer the manufacturer a subsidy in the amount of the pollution amount to encourage greater job creation. 5.None of the above
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Finite Mathematics and Applied Calculus
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Chapter 11 / Exercise 66
Finite Mathematics and Applied Calculus
Costenoble/Waner
Expert Verified
1334. Which of the following often serves as a signal in a free market system that the producer is the efficient producer?
35. Free trade is good for a country:
36. Refer to Figure E: At a production level of 60 units, this producer has AVC equal to ____ and VC equal to ____.
37. Refer to Figure E: At a production level of 180 units, this producer has AFC equal to ____ and FC equal to ____. 1.$8; $1440 2.$12; $2160 3.$4; $720 4.$8; $1440 5.None of the above
38. Refer to Figure E: If this is a firm in a perfectly competitive market with a market equilibrium price of $10 per unit, then this firm will maximize profit by producing ____ units of output and will make a ____ rate of return.
39. Refer to Figure E: If this is a firm in a perfectly competitive market with a market equilibrium price of $10 per unit, then we can predict that in the long-run ____ and market equilibrium price will ____.
1440. Refer to Figure E: If this is a firm in a perfectly competitive market we can predict that the economically efficient production level occurs when the firm produces ____.

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