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1.- What is the expected result on total energy consumption (quantity) when there is an increase in energy efficiency?
2.- Explain the gov incentive/price control that causes
What is resultant market Price & Quantity?
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- 1. Is scarcity of nonrenewable resources a major problem? What kinds of physical and economic measures are relevant to understanding this issue, and in what ways can some of the measures be misleading? What do you think are the main issues relating to nonrenewable use? 2. Do you expect mineral prices to continue to increase, as shown in Figure 11.4? Which factors do you think will determine future mineral prices?1. a) Explain what the blue band in Figure 6-6 represents. Why is it important? b) For each category of use, give a specific example (not any of the examples given in the text) of how water might be extracted and used, but not consumed. c) For which category of use is in the blue band growing wider fastest? What does this mean? Why is this important?A firm’s own MAC function = -29Q + 298. Suppose the emission tax is $95/ton/month. a. Draw the firms’ MAC curve and find the efficient level of emissions for the firm. b. Then what would be the total tax bill and total abatement cost at the efficient level of emissions? As a result, what would be the total cost for the firm? c.Explain why the firm would not reduce its emissions to 1 ton/month. Please explain each carefully.
- 5. What are economic benefits of using biodegradable plates? Explain.?.[9] Suppose an environmental regulator is concerned with efficient emissions control. The regulator uses its perception about the aggregate marginal abatement cost to determine the emissions tax. What tax rate does the regulator set? [10] Suppose there is uncertainty about firms’ marginal abatement costs. Describe the relationship between AMAC and MD in which taxes would lead to lower efficiency losses compared to permits.5. Can the supply chain handle the necessary changes? Before an organization commits toramping up its input, it is essential to confirm that its supply chain will be able to handlerelated requirements.
- Q. 5. For auto makers, an important decision is to determine what features a new car model should be provided based on cost-benefit analysis. In what ways can economists help auto manu- facturers estimate the marginal rate of substitution between features such as vehicle interior size and acceleration? (a) Examining production cost data (b) Conducting consumer surveys about willingness to pay for auto features (c) Solving the standard consumer model (d) Statistically analyzing historical data on purchases of different types of autos (e) B and D only Q. 10. When firms determine whether to invest in research and development (R&D), they need to consider many factors. Which of the following is NOT one of the important factors that should be considered? (a) The market size of the product today. (b) The market potential for the product in the next few years. (c) The R&D investment of the competitors on similar products. (d) Potential new products that may be substitutes of the…1. Imagine that you are faced with the following three public projects, each of which costs $3000. Please assume that this cost is applied to the project at Year 0 for all three cases. Which option would you decide to build? Please assume that the discount rate is 12 percent, and that benefits start in Year 1. Make sure that you explain why you would choose the option that you select. a. A parking structure that yields $1050 of benefits per year for 10 years b. A landfill that yields $800 of benefits per year for 6 years c. A new wastewater treatment plant that would yield $600 benefit per year forever 2. Would your answer to Problem 2 change if the discount rate were 5 percent? In this case, which of the three options would you choose and why? Construct your solutions to these questions in an Excel file with seven tabs. One tab for your verbal answers to questions 1 and 2 above, and six tabs for the calculations (a separate tab for each of the three problems…1. Give ideas/examples that the international community (United Nations) can do to bridge the digital divide, particularly to promote digital inclusivity to minorities and disenfranchised groups? 2. How can UNIDO address the negative environmental impact of the semiconductor industry while preventing production prices from increasing?
- ADVANCED ANALYSIS Assume the following values for the figures below Q_{1} = 20 bags Q_{2} = 15 bags. Q_{3}; =27 bags. The market equilibrium price is $45 per bag. The price at a is $85 per bag. The price at c is $5 per bag. The price at f is $59 per bag. The price at g $31 per bag. Apply the formula for the area of a triangle (Area=1/ 2 * Base*Height) to answer the following questions.12- Which of the following is related to the use of economics? a. how people use unlimited resources to satisfy their unlimited wants b. how businesses use unlimited resources to satisfy unlimited consumer wants c. how people use unlimited resources to satisfy limited wants d. how people use scarce resources to satisfy unlimited wantsWhat do economists (and used-car dealers) mean by a lemon?
