1. State the assumptions associated with a material balance modeling approach and give an example of an environmental problem that would meet the assumptions.
Q: Marketopia's real GDP was $520 billion in 2014 and $550 billion in 2015. Its population was 150 mill...
A: GDP(gross domestic product) per capita is obtained by dividing the GDP by population. It is useful t...
Q: Which of the following are effective anti-poverty policies? a) Rent controls b) Farm pri...
A: Poverty is very serious issue in most of the country around the world. So, government of the country...
Q: $100 90 80 70 60 50 40 30 20 10 1 2 3 4 567 89 10 Quantity of Output Refer to Figure 7-3. Which is t...
A: please find the answer below.
Q: PART C.) In planning for your retirement, you expect to save $5,000 in year 1, $6,000 in year 2, and...
A: * SOLUTION :-
Q: Question 39 Menu costs of inflation O a) occur when people interpret nominal changes in prices as re...
A: Menu cost is a type of cost which occurs due to inflation.
Q: A monopoly has long run total cost given by: TC = 61 + 6'Q + 0.4'Q, where Q represents the units of ...
A: Given Total cost function: TC=61+6Q+0.4Q2 Monopolist profit-maximizing level of Q is 40.87 and maxim...
Q: y1=100, y2=20 beta=0.5 and i=100% Calculate optimal saving s=______
A: Optimal saving rate is said to be that rate of saving of income in period 1 which makes the consumpt...
Q: The Aggregate Expenditure Model is traditionally called the” Keynesian Cross”. Use the Aggregate Exp...
A: The economics as a study is based upon the basic idea of scarcity, where the resources with the nati...
Q: b) households; automobiles
A: By definition, Consumption, in Economics, is the use of goods and services by households. Consumptio...
Q: Firms that are confronted with union demands for higher wages may choose production methods that inv...
A: The markets are the place where the goods and services are sold, and purchased. These products are p...
Q: 3. Two countries, Taiwan and Korea, produce two goods, avionics and integrated circuits (ICs), using...
A: There are two countries : Taiwan & Korea Produce two goods : Avionics & ICs Both countries...
Q: Jed opened a savings account and deposited P900.00 as principal. The account earns 15% interest, com...
A: Given information: Principal Amount (P): P900.00 Interest rate (r): 15% compounded continuously Tim...
Q: 1. The Executive Director of RBTT ROYTEC is interested in finding out whether ROYTEC staff are satis...
A: Answer -
Q: Problem 1. The table below shows the demand and supply schedules for gum: Quantity Demanded (million...
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question s...
Q: A) The prediction that population growth and growing affluence would outstrip supply would mean risi...
A: Graph represent world oil price and global oil consumption. Prices per barrel are taken on Y-axis an...
Q: A multiple regression of y on a constant x, and x2 produces the following results: ý = 4 + 0.4x + 0....
A: Given that : The objective of the following analysis is to test the null hypothesis that the two slo...
Q: Table: Employment Data Full-time employed Not working but looking for work Part-time employed Discou...
A: Labor force equals total workforce in employed as well as unemployed workers.
Q: Mike from Minnesota and Caty from California are trading fresh water fish (bass) and salt water fish...
A: Given information: Mike catches a number of bass = 100 bass Caty catches a number of salmon = 50
Q: The term "officially unemployed" would apply when a worker O a) leaves his or her job to attend scho...
A: Introduction: People are deemed employed if they completed any job for pay or profit during the surv...
Q: Why do we use mind mapping
A: Mind mapping is the diagrammatic representation of information, task or concepts.
Q: Which of the following are included in GDP and which are not? If an item is included, state which G...
A: The measure that depicts the final value of goods and services being produced during a specified per...
Q: Which of the following statements best describes the Diminishing Returns to Labor: Select one: Oa. W...
A: Diminishing Return to labor:- Diminishing returns to labour, or principle of diminishing marginal pr...
Q: A monopoly's inverse demand function is p= 160-4q and it has no fixed costs. Initially marginal co...
A: Demand function shows the utilitarian connection between Quantity requested for an item and its diff...
Q: 18 S. 16 14 12 10 8. D 6 4 2 0 1 2 3 4 5 6 7 8 9. 10 11 12 Quantity Suppose that supply and demand a...
A: Answer: According to the above figure, before tax, the sellers were receiving the equilibrium price...
Q: 4. Basil and celery leaves are substitutes in making noodle soups. A rare drought destroyed a good p...
A: Answer is given below
Q: The figure shows the choice of the abatement level, using the economy'S easible set and the citizens...
A: ANSWER:OPTION A Option A is the correct option-X is the optimal choice as it dominates all other opt...
Q: Show the relationship between AR, MR, TR and the price elasticity of demand under imperfect competit...
A: Meaning of Market: The term market refers to the situation under which the producers or the seller...
Q: 15. Explain why for countries with a large spending rate (such as the United States), errors in esti...
A: Answer-
Q: • Suppose you are the manager of a watchmaking firm operating in a perfectly competitive market. • Y...
A: In perfect competition, eqm q(quantity) is found by the intersection of MC(marginal cost) and p(pric...
Q: Milton Friedman, who won the Nobel Prize in economics, characterized inflation as being "high and va...
A: Milton Friedman Noble Laureate in economics termed inflation as high and variable. Such characterist...
Q: In the long-run equilibrium of a competitive market with identical firms, what are the relationships...
A: please find the answer below.
Q: Domestic Domestic Price ($) 20 40 60 Demand 180 160 140 120 100 80 Supply 30 60 90- 120 150 180 80 1...
A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the qu...
Q: Which of the following statements is correct? The aggregate price level is a subject of concem in mi...
A: Economics is the study of how the scarce resources of society are exploited. Economics is a social s...
Q: FIGURE 7-3 $100 90 80 70 40 30 20 10 1 2 3 4 5 6 7 8 9 10 Quantity of Output Refer to Figure 7-3. Wh...
A: please find the answer bThe marginal cost (MC) curve is calculated by dividing the change in total c...
Q: In what way does an economist's measurement of profit differ from an accountant's? O Accountants cal...
A: Profits are calculated by both the economists and the accountants. The general formula for profit is...
Q: euros and earn 4 percent on a one-year bank deposit in France. If the exchange rate is initially 0.9...
A: A rate of return (RoR) is the net gain or loss of an investment over a specified time period, expres...
Q: Why is it impossible for a profit maximizing monopoly to produce an output level which is allocative...
A: Allocative efficiency means that all products in the market are distributed optimally for the purcha...
Q: According to the midpoint method, the price elasticity of demand for oranges between point X and poi...
A: The formula for calculating price elasticity of demand using mid point method: ed = [(Q2-Q1)/(Q2+Q1)...
Q: The following graph shows the labor market in the fast-food industry in the fictional town of Supers...
A: Equilibrium occurs at the intersection point of the demand and supply curve. In this market, the eq...
Q: What is keenness to save in economics?
A: There are two points that can be taken into consideration first is consumption and another one is sa...
Q: Which of the following price elasticities of demand would indicate inelastic demand? O 1 O 10 O 0.5 ...
A: Price elasticity measures the responsiveness of demand of a good to its change in price of that good...
Q: If the current dollar to Peso exchange rate is $1 = 40 Pesos and in the forward market it is $1 = 30...
A: Here, it is given that, the current exchange rate between dollar to pesos is $1=40, and forward exch...
Q: 2. The following hypothetical table is John's demand for pandesal from Dec 2016 to January 2017 give...
A: The economics as a study is based upon the basic idea of scarcity, or the limit present to the amoun...
Q: ne short-run equilibrium output when real interest is 7%. b) Find the income-expenditure multiplier.
A: Consumption (C) = 1700+0.8(Y-T) - 2000r Investment (Ip) = 3000 - 1100r Government expenditure (G) = ...
Q: Consider an offshoring model such as the one illustrated in Figure 7‑1 in the text. In this model, t...
A: Answer:- Through the given statement, the wages for profoundly gifted work in the home nation are mo...
Q: Exercise 2 Sketch the demand and supply curve to show the change in equilibrium price & quantity wh...
A: a) In case of normal good A normal good is a sort of good that sees an increase in demand as income ...
Q: Mateo spends $20 to have his hair cut at a salon. This expense is included in the category of gross ...
A: The money worth of final products and services produced in a country during a year is known as the G...
Q: A "static" gain resulting from the formation of the European Union or the U.S.-Mexico-Canada Trade A...
A: International commerce is critical to an economy, contributing significantly to its Gross Domestic P...
Q: Refer to the accompanying graph, which represents the market for textbooks, to answer the next two q...
A:
Q: The Marginal Benefit is zero when the Total Benefit curve is at its maximum. True or False
A: Marginal Benefit (MB): - it is the additional benefit derived from the consumption of additional uni...
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The climate policy toolkit has, to-date, mostly focused on demand side policies (i.e. policies that affect the pollution demand curve), some of which are ‘command-and control’ and others are market based (e.g. cap-and-trade schemes, carbon taxes). (a) Using a diagram or diagrams, explain how a cap-and-trade scheme could result in pollution reduction. (b) What is the Emissions Reduction Fund and what are its pros and cons? 1(c) Of the following four policy options, which one do you favour as a demandside policy and why? i. command-and-control in terms of a demand side climatechange ii. carbon tax iii. Emissions Reduction Fund iv. cap-and-trade schemeDiscuss any two of the eight infrastructure investments prioritised by the NDP in relation to the Sustainable Development Goals (Todaro & Smith, 2020:17). Answer the following Question:Indicate to which degree each infrastructure investment alignswith one or more of the Sustainable Development Goals. Note: The chosen infrastrucutre investments are education and skills and nutritionMostly everyone would agree that pollution is undesirable. But cleaner environment requires higher production costs and a lower level of output. It is difficult though to measure the value on the health, environmental, and aesthetic benefits resulting from a cleaner environment. The health effects associated with the release of various chemicals into the air or water are often not fully understood. While the relationship between carbon dioxide emissions and global warming is the subject of a great deal of scientific speculation and study, precise measurements of the expected environmental damage are not yet available. It is also not easy to place a value on the aesthetic pleasure that individuals may experience knowing that the air and water surrounding them is cleaner. The energy giant Royal Dutch Shell have reached its oil production peak in 2019. Now the company’s focus now is on shifting to renewables and reducing its carbon footprint through green technologies. Did you know that…
- Explain how external costs and benefits affect the trade-offs faced byeconomic decision makers.QUESTION 8 Suppose the Queensland Government is considering limiting the number of visitors to the Great BarrierReef. In CBA, the total value of the Great Barrier Reef is estimated to be 200 million dollars while the use- value isestimated to be 80 million dollars. This implies the non - use value of it must be_______million dollars, after limiting thenumber of visitors, its use -value will______(increase, decrease or remain unchanged). Provide your answer to thenearest million and do not include the S sign in your answer.Propose THREE (3) solutions that you think might assist policymakers andinternal or external stakeholders to recover the economy due to the COVID-19 pandemic
- Choose the reasons a company, policymaker, consumer, or nongovernmental organization might conduct a life cycle assessment: a.) Supply information for public policyb.) Assist in guiding development of new products c.) Calculate financial savings from switching supplier d.) Compare inputs and outputs associated with alternative productse.) All of the above.What are the advantages and disadvantages of using total economic value estimates to develop environmental policy recommendations? What is the relationship between your answer and your worldview (anthropocentric or ecocentric)?Please answer questions 2, 3, and 4. 2. Many states are now imposing severance taxes on resources being extracted within their borders. How is the consumption path of depletable resources with severance taxes imposed compared to the case without taxes? Assuming an increasing marginal extraction cost of depletable resources over time. A. For the same time period, consumption for depletable resource decreases due to the imposition of severance taxes. B. For the same time period, consumption for depletable resource increases due to the imposition of severance taxes. C. For the same time period, consumption for depletable resource stays the same regardless to the imposition of severance taxes. 3. Suppose there exists a renewable energy substitute for depletable resources with an increasing marginal extraction cost. How would per-unit subsidy on renewable energy change price path for renewable energy? A. Price for renewable energy with subsidy is higher than the case without subsidy. B.…
- 1 (a) Rewrite and explain the main equilibrium equations of the Ramsey model assuming the government provides a uniform public good G(t) and finances this expenditure via lump-sum taxes.The Swedish Environmental Protection Agency investigates how emissions of an environmentally hazardous substance from an industrial sector should be regulated, either through a tax on the emissions or through a quantitative regulation (limit value). As this is a new substance (new substance), knowledge of the level of environmental damage and the costs of reducing emissions is uncertain. In more technical terms: the regulatory authorities do not have complete information on the positions on either the dD / dM curve (marginal damages) or the MAC curve (marginal abatement costs). a) Explain and show graphically whether - and if so how - the uncertainty about the position of the MAC curve affects the choice between regulating emissions with a tax or limit value from a socio-economic efficiency perspective. b) Explain and show graphically whether - and if so how - the uncertainty about the position of the dD / dM curve affects the choice between regulating emissions with a tax or limit…Suppose Walmart has announced plans to seek approval from the planning commission of a small town to build a new store. Develop alist of the main arguments, pro and con, that could be presented at a public hearing on the matter by members of each of these groups: 1. Owners of small businesses located nearby.2. Town residents, and residents of nearby towns. How might a Walmart representative respond to the negative criticisms that might be brought up, and what other benefits could the representative offer the planning board to bolster Walmart’s case for gaining the board’s approval?