What is an externality, What is an externality? In a market

What is an externality

Assignment Help Business Economics

Reference no: EM131002528

1. What is an externality?

2. In a market without environment regulations, will the supply curve for a firm take into account private costs, social costs, both, or neither? Explain.

3. What are three problems that economists have noted with regard to command-and-control regulation?

4. What is a marketable permit, and what incentive does it provide for a firm to take social costs into account?

5. As the extent of environmental protection expands, would you expect the marginal costs of environmental protection to rise or fall? Why?

6. In the trade-off between economic output and environmental protection, how many choices will be both productively efficient and allocatively efficient? Explain.

Reference no: EM131002528

Questions Cloud

Problem regarding the suggestion of descriptive : Is there any suggestion of "descriptive" (as opposed to "inductive") evidence in this data set to support the postulate that some battery types are better than others? Which ones appear better? (More precise "inductive" methods for answering such ..

Explain how fossil fuels are formed : There were two "oil shocks" in the seventies, one in 1973 and another in 1979. Explain what caused the shocks and what effect it had on the American public and economy. Please suggest a realistic way our country can save ourselves from this type..

About the new law firm : Lorenzo offered Ida a job at his new law firm. In anticipation, Ida quit her job at Mega Firm, bought a new computer, and invested in a new set of law books. Shortly before her anticipated first day at Lorenzo's firm, Lorenzo informed Ida that he had..

What are its operations competitive advantages : Select a reputable organization of particular interest to you as the foundation of your course project. Describe the organization. What is the product or service? What is the ownership structure? What are its operations competitive advantages

What is an externality : What is an externality? In a market without environment regulations, will the supply curve for a firm take into account private costs, social costs, both, or neither? Explain. What are three problems that economists have noted with regard to command-..

Can any of the other estimates influence earnings : Companies must report the actuarial assumptions used to make estimates concerning pension plans. Which estimate influences the earnings effect in requirement 1? Can any of the other estimates influence earnings? Explain.

What types of external information would you want\ : If you were a strategic decision maker at the headquarters of Kohl's, what types of external information would you want? What if you were a Kohl's local store manager? What types of external information would you want

How much total utility does the consumer receive : Suppose a consumer's utility function is given by U(X,Y) = X*Y. Also the consumer has $288 to spend, and the price of X, Px=16, and the price of Y, Py=1: How much X and Y should the consumer purchase in order to maximize her utility? How much total u..

Should car companies be required to produce eletric cars : Are BEV's or hydrogen fuel cell vehicles a more promising transportation technology for the future? Should car companies be required to produce eletric cars?

User Account

All Pages