The Table Below Shows the Demand for Pollution Permits to Emit

question 44

Essay

The table below shows the demand for pollution permits to emit hydrocarbons in a particular industrial park which are sold by the government.Each permit allows the owner to release 1 tonne of pollutants into the atmosphere.
a)If no fee for a pollution permit were charged,and assuming a straight-line demand curve,what quantity of pollutants would be discharged into the atmosphere?
b)Suppose government were to set a fee of $6 per permit.What quantity of pollutants would now be dumped and what would be the revenue of government.
c)Suppose that new technology allows for a significant reduction in hydrocarbons at a relatively low cost so that the demand for permits drops by 500 tonnes.Assuming that government holds the permit fee at $6,what quantity of pollutants would now be dumped,and what would be the total revenue received by government?
d)After the change of demand in c),what would happen if instead of maintaining the fee at $6,government wants to maintain the same level of pollutants as in b).What fee would have to be charged and what would be the new revenue?

Identify the benefits of considering both outbound and inbound logistics in supply chain management.

Understand the interplay between technology and globalization as drivers of change.

Recognize the role of technology in countering short product lifecycles through upgrades and new products.

Comprehend the strategic importance of U.S. ports in global supply chains.

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Definitions:

Sentiment Analysis

A computational process of identifying and categorizing opinions expressed in a piece of text to determine the writer's or speaker's attitude towards a particular topic.

Attitudinal

relates to attitudes or mannerisms, often referring to the psychological aspect that determines how people perceive and interact with their environment.

Secondary Data Collection

The process of gathering existing data that was collected by someone else for a purpose other than the current research need.

Database Search

The process of querying a database to retrieve specific information or records based on certain criteria.