c. Suppose government imposes a tax equal to the marginal external cost. What is the equilibrium price paid by consumers and the equilibrium quantity after implementation of the tax? d. At the output level in part (c), how much is the tax? e. How much tax revenue does government collect? f. What is the deadweight loss borne by society if the externality is left uncorrected?
Is there anything unsatisfactory about it? Could it have been improved upon in some way? Cost-benefit analysis is a legitimate tool, by using the lowest cost to obtain the biggest profit out of it. However, it is unacceptable to sacrifice human life in exchange of paying a lower production costs. Before they made any decision, they should hold an ethical meeting about the improvement of fuel tank, if they would change their mind by paying more then people would not have to die.
Such escapism reflects the society's desire to be inundated with entertainment and free from political burdens. Choosing leisure over reality contributes to the declining interest in local affairs. If people don't care about voting, the entire foundation of American society will corrode. An apathetic electorate poses a danger to democracy. The media not only distracts society from reality, but also provides temporary pleasure; for example, television instantly fulfills the wish for relaxation.
Two Arguments against government/public ownership 1. Competition would give competing utilities an incentive to improve service as the consumer would have a choice. 2. If utilities were competitive there would be no danger of regulators not being fair when setting rates and allowing for licenses as there would be no monopoly for them to control. The company at hat served the public best would be favored in a competitive situation C. My opinion is that there should be a balance between competition and government involvement.
They do this because they do not want to raise their prices so they can stay on the top of market. However Tesco has different pricing strategy of getting their profit so the indicators like inflation or GDP do not put big impact on or prices. That’s because we are global company and we set our prices not bases on average national economy prices but we set our prices similar in all counties pretty much without looking at the exchange rates. However we use bundling price strategy (serve combo packs) as other supermarket like; Morrison, Asda and
Handing over the responsibility of making and amending laws to politically inept i.e. the general public is generally not advised. It is misguided to assume that all people are rational enough to choose the decision that is best for them. Most people tend to vote on issues based on their emotional response to them, charismatic campaigns and the opinion of the masses. The results of the referendum will therefore not be based on individual opinion and defeats the whole point of having
This essay will be in an affirmative position in regard to Albert Einstein’s quote “nothing is more destructive of respect for the government and the law of the land than passing laws which cannot be enforced”. This quote means what’s the point in making a law when you can’t make sure that it’s enforced and upheld. Also it is saying that if the law isn’t respected. One of the reasons laws are put in place are to maintain a civil society. Therefore if laws are not respected we will lose a civil society and everything will turn to chaos.
2. Suggest the reasons a business may conduct operations in a third world country and disregard any standards of pollution control. 3. It has been said that pollution is the price of progress. Assess the connections between economic progress and development, on the one hand, and pollution controls and environmental protection, on the other.
What is Scholfield Honda's primary ethical responsibility in situations where a proposed green initiative is cost-prohibitive or even detrimental to the company's bottom line? The main responsibility here was to his company, to make sure that it remained financially stable. The “Green” effort was secondary to his ethical responsibility. The option of promoting the natural gas vehicles to his corporate and fleet consumers allowed him to not only protect the foundation of his business of selling vehicles to public consumers, but to also allow him another market completely without risking his established business. Should the government regulate companies' claims that their products are green?
There have been studies suggesting the environment affects some biological factors. This essay will attempt to offer a considered and balanced review on two effects of the environment on physiological processes, supported by research studies, which investigate both effects. The two effects of the environment on physiological processes that will be discussed include the relationship between how zeitgebers affect circadian cycle and sleep, the effects stress has on our immune system. Why do people who do night shifts feel increasingly tired? Why does long flights sometimes cause us to feel increasingly tired?