To encourage the production of honey

Assignment Help Business Economics
Reference no: EM131169416

To encourage the production of honey, several beekeepers place their beehives in a farmer's orchards and fields. As the bees gather nectar to make money, they pollinate the orchards and fields, thereby increasing the yields of the fruit and grain crops. This arrangement results in?

A. a positive externality that benefits the farmer.

B. no significant additional benefit to anyone.

C. a positive externality that benefits the consumer.

D. a negative externality for which the farmer should be compensated.

Reference no: EM131169416

Questions Cloud

Market is served by dominant firm and many smaller firms : A market is served by a dominant firm and many smaller firms. These smaller firms act as price takers. Market demand is given by: Q = 1,222 - 10P The combined supply of the smaller firms is Q = 37 + 30P. The dominant firm's marginal cost is MC = 2 + ..
AS curves linked to different shape of Phillips curves : What’s the difference between how a Keynesian economist would sketch an AS curve and a Phillips curve, and how a neoclassical economist would sketch an AS curve and a Phillips curve? How is the shape of the different AS curves linked to the different..
Market is served by dominant firm and many smaller firms : A market is served by a dominant firm and many smaller firms. These smaller firms act as price takers. Market demand is given by: Q = 1,000 - 17P The combined supply of the smaller firms is Q = 21 + 30P. The dominant firm's marginal cost is MC = 7 + ..
Environmentalists argue that we should protect environment : Environmentalists argue that we should protect the environment as much as possible, regardless of the cost involved. Which of the following is one of those costs?
To encourage the production of honey : To encourage the production of honey, several beekeepers place their beehives in a farmer's orchards and fields. As the bees gather nectar to make money, they pollinate the orchards and fields, thereby increasing the yields of the fruit and grain cro..
About marginal and average tax rates is correct : Which of the following statements about marginal and average tax rates is correct?
Compute the level of the nominal interest rate implied : Taylor Rule Consider the policy rule employed in the chapter: R-r= m(pit-pi), where we assume r= 2%;m= 1/2, and pi= 2%. Compute the level of the nominal interest rate implied by this rule when the inflation rate takes the following values: 10%, 5%, 2..
Monetary policy rule : Consider an alternative simplified version of the Taylor rule, where monetary policy depends only on short-run output: Rt-r= n(~Yt). Draw an IS-MP diagram, but instead of the usual MP curve, plot the simplified version of the Taylor rule. You might l..
Magnitude of the consumer surplus and producer surplus : Let the market for cigarettes be characterized by the following information:  Calculate the magnitude of the consumer surplus and producer surplus in the pre- tax equilibrium. Calculate the tax revenue in the post-tax equilibrium. Calculate the chang..

Reviews

Write a Review

Business Economics Questions & Answers

  Draw donnas budget line

Donna buys goods X and Y. She can just afford the bundle X = 6 and Y = 11. She can also afford X = 12 and Y= 8. Each of these bundles exhausts her income. Draw Donna’s budget line. What is the ratio of the price of x to the price of y?

  Production function for producing pairs of slippers

ABC Slippers has the following production function for producing pairs of slippers: q = K L. Its input prices are pK = $80 and pL = $20. It faces a demand curve given by P = 25 – (q/100). a. For q=1024, fill out the following table for combinations o..

  Buying new pair of shoes

You buy a new pair of shoes on sale. The printed receipt states very clearly that the shoes are not returnable. After you get them home, you wear the shoes around the house for a day and decide that they just don’t fit you correctly.

  Budget line in consumption and leisure decision problem

One of the policies was to put a tax on people who didn’t buy health insurance. That is, if their wage was w before and now they don’t buy insurance then they receive only a fraction of the previous wage, so (1 − t)w. Show how this affects the budget..

  Foreign exchange markets-dollar-denominated assets

The 12-month interest rate on dollar-denominated assets (like bank deposits) is 2.00%. The 12-month interest rate on euro-denominated assets is 1.80%. The current spot exchange rate is $1.50 per €. The current forward exchange rate is $1.58 per €. Ex..

  Delta shut down its operations to further avoid losses

Delta Airlines experienced huge losses for several years in the early 2000’s, yet it continued to operate its fleets. Why didn’t Delta shut down its operations to further avoid losses?

  What is the mrp of labor equal to in this situation

What is the MRP of labor equal to in this situation? Assuming that Economan takes the price of labor as a given, what is the maximum daily wage that would make it in his best interest to hire this additional employee?

  What are incumbent’s profits if it commits to output level

The U.S. market for hand sanitizer is controlled by a monopoly (firm I, for incumbent) that has a total cost given by TC(qi) = 0.025qi^2. The market demand for hand sanitizer is given by P = 50 – 0.1Q. What are the incumbent’s profits if it commits t..

  Professional baseball spring training session

Just prior to a professional baseball spring training session, you are asked to assess the probability that a particular baseball team will win the coming World Series. How would you go about making this assessment?  In what sense is this assessment ..

  Game theory relate to competitive advantage

Explain game theory and how you can apply the concepts in your life and work now and in the future? How does game theory relate to competitive advantage?

  Sugar imports are restricted by way of import quota

In 2013, U.S. sugar imports are restricted by way of an import quota. The domestic sugar price is kept above the world market price of sugar by way of a federal domestic price guarantee. What was the implicit subsidy per worker, based on the impact o..

  Elucidate price of waffle cones

Suppose that Iggi and Kurt begin trading ice cream and waffle cones with each other. Elucidate price of waffle cones (in terms of ice cream scoops) would benefit both Iggi and Kurt and make both individuals willing to trade.

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