Point of view of the pareto criterion

Assignment Help Business Economics
Reference no: EM133078927

The city of Nashville is considering cleaning up pollution. The cost of the cleanup is estimated at $2 million. Nashville has 100,000 residents. 20% of the residents are willing to pay $10 each for the cleanup. The rest of the population is wealthier and are willing to pay $20 each. A city councillor proposes that the cleanup be financed by charging everyone in the community a tax of $20.

Is this project desirable from the point of view of the Pareto criterion? Explain.

Reference no: EM133078927

Questions Cloud

Produce a close substitute for product : As a manager in a new product market, you are interested in whether or not your competitors actually produce a close substitute for your product. Your analytics
Peace symbol as part of logo for the business : In May of 2013, Jesse plans to open a law office named "Peace Law" and uses the peace symbol as part of the logo for the business.
Calculate the stock turnover for women shoes : Calculate the stock turnover for women's shoes for the month given an average stock at retail of $86,200 and net sales of $187,420
Are we too clean : "Are We too Clean? Biodiversity Within the Human Body" this case studies that aim to introduce you to various earth and environmental issues and help you under
Point of view of the pareto criterion : Is this project desirable from the point of view of the Pareto criterion? Explain.
Calculate the price elasticity of demand : Suppose the price of gasoline in July 2004 averaged $1.35 a gallon and 15 million gallons a day were sold. In October 2004, the price averaged $2.15 a gallon an
Implementation of technology : What is the role of the health care manager in the implementation of technology? Provide examples.
Explain the law of demand and exceptions : 1. Explain the law of demand and its exceptions. 2. State the determinants of demand.
BSBMKG408 Conduct market research Assignment : BSBMKG408 Conduct market research Assignment Help and Solution, Training Masters - Assessment Writing Service

Reviews

Write a Review

Business Economics Questions & Answers

  Performance management practice for expatriate managers

When considering performance management practice for expatriate managers, what are the major factors that must be addressed?

  Detailed evaluation of the ethical considerations associated

A detailed evaluation of the ethical considerations associated with the television technology in relation to its impact on humanity. Please include a reference.

  Identify the points where transfer of a worker

Graph the production possibilities frontier over one day for this restaurant. In the graph, you must identify the points where transfer of a worker from one job

  4 redistribution in democracy

Assume that each individual, i, gets income yi, and the average income is ?. The tax rate is t, where 0 = t = 1. Each individual also get a universal transfer

  Project deliverable-business requirements

This assignment consists of two (2) sections: a business requirements document and a project plan. You must submit both sections as separate files.

  Discuss the process of adjustment to the new equilibrium

Use a money supply and demand diagram to answer the following problem: Everything else being the same, what is the effect of an increase in interest rates on the price level? Discuss the process of adjustment to the new equilibrium.

  What are the four basic components of the marketing mix

What external environmental factors affect strategic marketing decisions? What are the four basic components of the marketing mix?

  Understand how taxes affect economic well-being

To fully understand how taxes affect economic well-being, we must compare the

  Manufacturer of high-quality flatbed scanners

The manufacturer of high-quality flatbed scanners is trying to decide what price to set for its product. The costs of production and the demand for the product

  Explain the specific business decision that management made

Explain the specific business decision that management made after computing this value. Analyze how management used the concept of the time value of money principles to make this decision.

  How much to charge for the new greencar model

Ecostar needs to determine how much to charge for the new greencar model. Developing, producing, and marketing the greenCar costs Ecostar $100,000,000 per year for three years before it goes to market.

  Elucidate how does consumer surplus

Elucidate how does consumer surplus after the discovery compare to Illustrate what would exist if the New Jersey oil were supplied competitively.

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