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Why might daily variations in the market clearing price of recycled plastic induce some firms to call in their workers and pay them wages for their labor services on some days but tell them to stay home on others?

Short Answer

Expert verified

Recovery lowers the amount the fuel utilized, emissions, and rubbish sent off to trash.

Step by step solution

01

Introduction

Polymer are still a fragile, thin, and versatile element that could be easily formed into such a variety of products for such a spectrum of uses. As either a corollary, mechanical synthesis of polymeric is increased substantially throughout the last half century. But, fast usage and discard create considerable global pollution.

02

Given Information

Vast quantities of wasted final polyethylene keep steadily building as waste in landfill as well as other sites around the world because of the monomers' resilience.

03

Explanation

Recovery, which again is arguably amongst the most recent breakthroughs in the polymer field, one of the most useful ways of reducing adverse effects. Recycling lowers the amount fuel oil utilized, carbon emissions, and garbage dumped in landfills. We compared composting towards other refuse methods like mainly focusing or product reuse, or the usage of alternative bioplastics like regeneration brake as a type of power.

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Most popular questions from this chapter

A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits but in which firms are operating below their minimum efficient scale. Explain the long-run adjustments that will take place for the industry to attain long-run equilibrium with firms operating at their minimum efficient scale.

If the government were to decide to limit the number of propane distributors to a handful of firms, would the propane-distribution industry still satisfy the characteristics of perfect competition? Explain.

Suppose that a firm in a perfectly competitive industry finds that at its current output rate, marginal revenue exceeds the minimum average total cost of producing any feasible rate of output. Furthermore, Marginal revenue (MR)is that the increase in revenue that results from the saleof 1 additional unit of output. While marginal revenue can remain constant overa specific level of output, it follows from the law of diminishing returnsand can eventuallyblock because the output level increases. Intheory, perfectly competitive firms continue producing output until marginal revenue equalsincremental cost.
Is the firm maximizing its economic profits? Why or why not?

Consider the information provided in Problem 23-4. Suppose the market price drops to only $5 per pizza. In the short run, should this pizza shop continue to make pizzas, or will it maximize its economic profits (that is, minimize its economic loss) by shutting down?

Discuss how a perfectly competitive firm decides how much output to produce

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