The Figure Given Below Shows the Demand and Supply Curves

question 65

Multiple Choice

The figure given below shows the demand and supply curves of automobiles.Figure 13.3
In the figure,
D: Demand curve of automobiles
S: Supply of automobiles prior to the tax
S+t: Supply of automobiles after the tax

-Suppose that the current price of a marketable permit to emit one ton of gunk is $60. For firm A, the marginal cost of reducing one ton of gunk is $50. For firm B, the marginal cost of reducing one ton of gunk is $70. Under a marketable permit system, _____.

• A)both firms will buy a permit and emit one more ton of gunk
• B)firm A will buy a permit and emit one more ton of gunk, whereas firm B will reduce its emissions of gunk by one ton
• C)firm B will buy a permit and emit one more ton of gunk, whereas firm A will reduce its emissions of gunk by one ton
• D)both firms will reduce their emissions of gunk by one ton
• E)both firms will go out of business

Apply knowledge of spelling rules in identifying correctly spelled words within groups.

Enhance vocabulary through exposure to correctly and incorrectly spelled words.

Understand how to calculate and interpret conditional distributions from categorical data.

Demonstrate the ability to interpret tabulated data to identify trends or patterns.

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Definitions:

Legitimate Power

A form of authority where power is used based on a person's organizational role or position rather than personal qualities or abilities.

Organizational Politics

The activities and behaviors employees engage in to gain power and achieve their goals within a workplace, often involving influence and networking.

Political Behavior

involves actions not officially sanctioned by an organization that are aimed at influencing the distribution of advantages and disadvantages within it.

Admired Personal Characteristics

Qualities or traits that are highly regarded or esteemed by individuals or societies.