According to this Application, if you earn a salary of $40,000 in the first year and all prices triple in the next 10 years, what will your nominal annual salary be in 10 years?

Which of the following is not a reason why marketable permits may fail to achieve efficiency?

a. Some firms can reduce emissions at a lower cost than other firms. b. A market with a small number of buyers and sellers. c. Imperfect information exists on the value of a permit. d. There are concerns about the value of permits in the future.

The behavior of an individual perfectly competitive firm has a perceptible influence on the market price

a. True b. False Indicate whether the statement is true or false