A factory benefits from discharging effluent q into a lake

A factory benefits from discharging effluent q into a lake

Assignment Help Econometrics

Reference no: EM13378753

A factory benefits from discharging effluent, q, into a lake. The marginal benefit function is given by 60-2q. The pollution causes damages to two nearby communities. The marginal damages to Community A are 1q. The marginal damages to community B are 2q.

What is the total welfare (i.e., total surplus) at this outcome? (Hint: total benefits of pollution to factory minus total costs of pollution to the communities.)

Reference no: EM13378753

Questions Cloud

1 go back to the numerical example with no factor : 1. go back to the numerical example with no factor substitution that leads to the production possibility frontier.a.

A factory benefits from discharging effluent q into a lake : a factory benefits from discharging effluent q into a lake. the marginal benefit function is given by 60-2q. the

A factory benefits from discharging effluent q into a lake : a factory benefits from discharging effluent q into a lake. the marginal benefit function is given by 60-2q. the

A factory benefits from discharging effluent q into a lake : a factory benefits from discharging effluent q into a lake. the marginal benefit function is given by 60-2q. the

A factory benefits from discharging effluent q into a lake : a factory benefits from discharging effluent q into a lake. the marginal benefit function is given by 60-2q. the

A factory benefits from discharging effluent q into a lake : a factory benefits from discharging effluent q into a lake. the marginal benefit function is given by 60-2q. the

Martha stewart living omnimedia and hain celestial group : martha stewart living omnimedia and hain celestial group have hired you to develop a marketing plan for the purpose of

In a country with a market economy the owners of firms : in a country with a market economy the owners of firms businesses are to use gwartney et. al.s term residual claimants.

Suppose we have a random sample with 8 observations x1-2 : suppose we have a random sample with 8 observations x1-2 x2x3-1 x4x5x60 x73 x88. then density function of x is given

Reviews

Write a Review

Required(*) Message

Econometrics Questions & Answers

Design a simple econometric research project

Design a simple econometric research project

Multiplicative decomposition method

Multiplicative decomposition method

Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

Solve the forecast model

Solve the forecast model

What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity. Write the t statistic for testing the null hypothesis

What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd