Explain the difference between fixed-production technology and variable technology

Explain the difference between fixed-production technology and variable technology

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?