the city council wants to curb emissions by half and decides to auction off four permits, each of which entitles the bearer to emit 1 ton of smoke per day. no smoke may be emitted without a permit. suppose the government conducts the auction by starting at $1 and asking how many permits each firm wants to buy at that price. if the total is more than four, it then raises the price by $1 and asks again, and so on, until the total quantity of demanded permits falls to four.

Read the scenario. alfonso is 19 years old and has a high school diploma. recently, he was promoted to assistant manager at the fast-food restaurant where he has worked since the age of sixteen. his dream is to become the restaurant’s manager. what is his best option for achieving his dream? he should find another job and work his way up to a higher position. he should hope that his manager transfers to another location and that he is his replacement. he should attend classes at the local college to receive training in management. he should work hard, work longer hours, and remain assistant manager.