Elucidate why the dam project is considered a public good

Assignment Help Business Economics
Reference no: EM1364401

"As a result of constant flooding, the Chinese government decides to build a dam to control the Yangtze River. This will not only reduce regional flooding but also provide a clean source of energy."

Elucidate why the dam project is considered a public good and discuss whether government intervention leads to a more efficient use of resources.

 

Reference no: EM1364401

Questions Cloud

Explain what do you think of the interbrand methodology : Explain What do you think of the Interbrand methodology and What do you see as its main advantages and disadvantages?
Illustrate what is the most the agency would be willing : If operators receive $25 an hour, how many operators should the agency hire. Illustrate what is the most the agency would be willing to pay the first operator.
Determine preferences of investors : A gentleman have Corporation X stock because its price has been steadily rising over the past few years and he expects its performance to continue.
Manager turn around a company : What would you suggest that the firm do to change the culture - to convince the people to abandon the old ways of doing things and embrace the new approach?
Elucidate why the dam project is considered a public good : Elucidate why the dam project is considered a public good and discuss whether government intervention leads to a more efficient use of resources.
Components of an effective sponsorship presentation : Describe the components of an effective sponsorship presentation. Why is this so important?
Explain why would a chain such as marriott tend to own : Explain why would a chain such as Marriott tend to own its hotels in resort areas, such as national parks, where there is little repeat business, and franchise in downtown areas.
Draw an e-r diagram for hospital staff : Draw an E-R diagram for the following situations. From discussions with hospital staff, reviewing hospital documents and studying existing information systems, the study team developed a list of business rules.
Explain if the competitive environment remains unchanged : Explain If the competitive environment remains unchanged what will be the Bam product's demand next year (in 000's)

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

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

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

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