Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
This problem continues the analysis from question 2.
a.Another economic study finds that the marginal cost (MC) to farmers of nutrient runoff abatement is MC = .1Q. Graph this function & explain intuitively why it slopes upward in Q.
b. Following logic very similar to that in 2(c), find a formula for the total costs (TC) to farmers of a reduction in nutrient runoff.
c. Graph the total benefits and total costs functions on the same graph (again, feel free to cut and paste from Excel or a similar program). At approximately what level of abatement are net benefits to society (including both coastal and farming interests) maximized?
d.Graphically and numerically find the quantity of runoff abatement such that marginal benefits of reduced runoff are exactly offset by the marginal cost of the reduction (your graph should use the MB and MC functions, not the total functions). Why is this the efficient level of pollution abatement?
e. Suppose the status quo is zero abatement. Who wins and loses from moving to the efficient amount of runoff found in part d and by how much? Is there the potential to create a "win-win" out of this situation? How?
Explain how automatic (fiscal) stabilisers may help to lower fluctuations in the business cycle. Definition of automatic stabilisers as built-in to the system in terms of trans
explain 6 factors that determine volume of production
Price elasticity of supply: It is the responsiveness of quantity supplied of a commodity to a change in the price of the commodity and measured as percentage change in quantit
Mrs Holt, 85 years old, has been admitted to acute care following a fall resulting in a fractured femur. She is a widow and lives alone with her three cats for company. a) What
Use of ppc in microeconomics
1. National Marine Fisheries Service is considering closing a large area of federal waters to fishing in Alaska due to negative interactions of fishing with endangered Steller sea
Income and Substitution Effects: Normal Good * The Special Case--The Giffen Good - The income effect may be large enough theoretically to cause the demand c
Factors Shifting Supply Curve -
Three People choose whether to contribute a fixed amount toward the provision of a public good. This good is provided if and only if at least two of them contribute. If it is not p
Player 2 C B A 1,2 3,2 B 2,3 a, b Player 1
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd