Business, 19.05.2020 20:18 memorybuxton
Suppose Arrow is located in a remote rural area, with very low pollution levels (marginal damage = 6), while Solow is located in an urban area, with other pollution sources and many more people exposed (marginal damage = 12). What is the efficient pollution allocation in this case? Note: question puts us back in the world of economic efficiency (i. e., where we maximize net social benefit) as opposed to the world of cost- efficiency where we minimize costs associated with reaching an environmental target. So here net benefit is equal to Benefits from pollution minus Pollution Damages. Since locations are not interdependent, you can find the pollution levels which maximize net social benefits from A’s pollution and then separately find efficient pollution from S.
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Acompany manufactures x units of product a and y units of product b, on two machines, i and ii. it has been determined that the company will realize a profit of $3 on each unit of product a and $4 on each unit of product b. to manufacture a unit of product a requires 7 min on machine i and 5 min on machine ii. to manufacture a unit of product b requires 8 min on mchine i and 5 min on machine ii. there are 175 min available on machine i and 125 min available on machine ii in each work shift. how many units of a product should be produced in each shift to maximize the company's profit p?
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Suppose Arrow is located in a remote rural area, with very low pollution levels (marginal damage = 6...
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