Fixed Production Technology Production Technology Discussion

Fixed Production Technology Production Technology Discussion

Answer the following questions

(200 word minimum )(will be submitted via “SafeAssign” which is software designed to detect “plagiarism”.. It is important that you review/edit your submission and maintain a 30% or lower matching before finally submitting it.)

-Explain the difference between fixed-production technology and variable technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with-fixed production technology? Should they do that in industries with variable technology?

What is the Lorenz curve? What does the Lorenz curve in Exhibit 2 illustrate?

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