Figure 9.9 depicts a market for electricity. S1 is the supply curve without the external costs. S2 is the supply curve with the $T tax. Assume electricity production incurs external costs. If the government imposes a pollution tax, the price of a mega-watt of electricity will increase by:

Why is limited liability so important when firms try to raise large amounts of financial capital? How is this advantage of a corporation tied to a disadvantage of a corporation?

What will be an ideal response?

Which of the following refers to laws or policies that require employers to reach out to a broader range of minority job candidates?

a. Affirmative action b. Reverse discrimination c. Multiculturalism d. Diversity training