Suppose the initial marginal cost per mile traveled by car is $0.32, and the initial mileage for the typical driver is 1,000 per month. Assume the elasticity of miles driven with respect to the price is −1.0. Suppose the government uses a per-mile tax to internalize the environmental externalities associated with car travel (for air pollution and CO2 ). Illustrate the effects of the tax on equilibrium miles driven, including a new value for miles driven

answer; (c) run the name by everyone you can;

you get one warning and if you do something to violate the guidelines of after that you get kicked off.

mark as

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.