Environmental externalities

Assignment Help Microeconomics
Reference no: EM1374714

Sometimes market activities have unintended positive or negative effects outside the market scope. These are called externalities. As a rule maker concerned with correcting effects of gases and particulates emitted through and local power plant, answer the following questions:

1. What two policies could you use to reduce the total amount of emissions?
2. Why do you think they each would work?
3. What would the benefits of each action be (besides emissions reduction)?
4. What would the costs of each action be?
5. How would you decide what was the best level of emission reduction?

 

Reference no: EM1374714

Questions Cloud

Discuss major barriers to entry into a industry : Discuss and explain the major barriers to entry into a industry. Describe how each barrier can foster monopoly or oligopoly.
Evaluate the companys business strategy : Describe and evaluate the company's business strategy. Do you believe it is viable and why did the attempt to purchase company in late 2008 fail?
Explain how it works and expected outcomes : You have been asked to fill-in for your boss this week. Your boss's assistant informs you that he had scheduled an engagement to teach a group of students at local University. explain how it works and expected outcomes.
Illustrate what is average number of people waiting in line : Customers arrive at an automated coffee vending machine at a rate of 4 per minute, subsequent a Poisson distribution. Coffee machine dispenses a cup of coffee in exactly 10 seconds. Illustrate what is average number of people waiting in line.
Environmental externalities : Sometimes market activities have unintended positive or negative effects outside the market scope called externalities. As a rule maker concerned with correcting effects of gases
Illustrate what are your retailer profits for each stock : Illustrate what are your retailer profits for each stock level. Supplier profits for each stock level. Supply chain total for each stock level. Fill rates for each stock level.
Determine upper and lower control limits : Machine's output is known to be approximately Normal with mean of 2.0 litter and standard deviation of 0.01 litter. Output is monitored using means of samples of 5observations. Determine upper and lower control limits that will include roughly 95...
Are there any possible instances in an organization : Are there any possible instances in which an organization strictly pursuing a theory O plan of change over time might not be able to respond to change at all.
Pricing of goods in the real world : Jeans and alligator or animal shirts: The plain pocket jeans and the Lacoste knockoffs often cost 40% less than brand-name items, yet the knockoffs are essentially identical to the brand-name items.

Reviews

Write a Review

Microeconomics Questions & Answers

  Agricultural demand and innnovation

Because agricultural demand is inelastic, a technological advance which lowers production costs will reduce total revenue. Thus, farmers have no incentive to introduce such a technique.

  Question on breakeven point

A firm that has total fixed costs of $40,000 sells its output for $250 per unit and has an average variable cost of $150. If the firm's cost and revenue curves are linear, how much output must the firm product to break even?

  Open market transactions by federal reserve

Assume that the Federal Reserve sells government securities from its existing holdings to financial sector and non bank public. Trace by the expected consequences of this secondary market action on banking system

  Expression for marginal product of labor

Find an expression for the marginal product of labor, MP L , when the amount of capital is fixed at 16 units, and then illustrate that mardinal producer of labor depends on the amount of of labor hired by calculating the marginal porducto of labor..

  Calculating equilibrium price and quantity

Assume a company has the following demand equation, Q = 1,000 - 3,000P + 10A, where Q = quantity demanded, P = product value, and A = advertising expenditures

  Major long term tax cut

The President of US is suggesting increased spending for a missile defense system and also proposing a major long term tax cut. Provide some predictions of possible outcomes for the federal budget categories,

  Question based on marginal revenue

In short run, assume that all the costs [except film rental and concessions] at a theater are fixed, and that each theater can seat five hundred people per day, no more.

  Pricing strategies-equilibrium price

What is the competitive equilibrium price per ride and what is the equilibrium number of rides per day? How many boats will there be in equilibrium? In this competitive market, what is the aggregate profit?

  Increase in chocolate syrup sales

A grocery store notices that the cross-price elasticity between ice cream and chocolate syrup is -.3. The store is advertising a sale with ice cream prices reduced by 20%.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Relationship between policy and effect on unrelated market

Some states are planning that ethanol be mixed with gasoline to comply with anti pollution laws. Ethanol can be made from corn. Determine what effect are these rules having on the equilibrium price and quantity of corn?

  Difference in pricing and product design

The market environment heavily effects corporate decision making ability. Define and explain the difference in executive decisions concerning pricing, product design,

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