15- A company that spends a huge amount of money to treat their waste and reduce a negative impact to the society ______. a. Increases their internal costs b. Decreases their external costs c. Decreases their internal costs d. Causes no change

Q: If polluter 1 emits 10 tons polluter 2 emits 25 tons of pollutant.MD=5+2e and MAC=15+2a. If…

A: We are going to solve for efficient emission to answer this question.

Q: Econ Return to Activity Score Mentor Mega Beans Market Booming Berries Booming Berries Materials…

A: To answer this question, we will use the following diagram.

Q: How do​ taxes, pollution​ charges, and​ cap-and-trade work to reduce​ emissions?     Taxes and…

A: Emissions are the substances or particles that are emitted in the environment such as air or water…

Q: 4. Open Access/Tragedy of the Commons: Suppose that an underground aquifer can be accessed by a…

A: Given; Cost of well per day= $30 Price of water= $1 per gallon Total Revenue= Price of water×Total…

Q: Question 70 Listen Which combination of the matrix below characterizes a public good? Rivalry…

A: Here the term Rivalry means a person's consumption reduces the availability of that good for others.…

Q: Outline the important macro- and micro- environmental factors of nestle that would need to be…

A: Economic business environment is the environment in which a business organization operates and runs…

Q: A global-positioning anti-theft device installed by one car owner can produce a positive spillover…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: 5. Air is categorized as a "Common Pool Resource". a. Define "Common Pool Resource" b. List three…

A: Common-pool resources are important for the society and nature. The common pool resources are the…

Q: Diagram, show how external effects can change supply and demand in electricity generation.

A: Demand is the utility for a good or service of an economic agent relative to a budget constraint.…

Q: (a) Why does an 'external social cost' lead to inefficient overproduction? (b) The table below…

A:

Q: Emission charges and cap-and-trade systems are the two dominant market incentive-based approaches…

A: (Since you have asked many questions, we will solve the first one for you. If you want any specific…

Q: Table 10-1 Quantity Private Value Private Cost External Cost (Units) (Dollars) (Dollars) (Dollars) 1…

A: Hi, thank you for the question. As per the guidelines, we are allowed to attempt the first question.…

Q: 5. Which of the following is an example of a solution to the tragedy of the commons? a. Improving…

A: Since you have asked More than one Question, we will solve first three questions as they are…

Q: 1 shows the marginal social benefit curve (MSB) and social cost curve (MSC) of pollution emissions.

A: Answers (1) For the first unit of pollution marginal social benefit is greater than marginal social…

Q: Number in herd Annual crop loss Crop loss per additional steer (Steers) (Tons) (Tons) 1 2 2 3 4 10 4…

A: Given information Price of selling output=$3.5 per steer Cost of crop damage is $1 ton Number of…

Q: Cost (thousands of dollars per concert) MSC 100 80 60 MC 40 20 10 15 20 25 Quantity (concerts per…

A: The Marginal Private Cost (MPC) represents the producer's actual cost of production. The Marginal…

Q: Question 11. For regulating pollution from diffuse sources, such as exhaust from cars, it is…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: A negative externality results when a 3rd party is negatively impacted by a transaction they were…

A: Negative Externality creates harmful effects of an activity on a third party. Positive externality…

Q: 2. Externality. The table below lists the expected daily benefits between a resident that owns a…

A: There are two agents : Homeowner  & Neighbor Benefit matrix is following :   Homeowner…

Q: Which of the following are practical and effective policies to deal with carbon emissions caused by…

A: Carbon emission is such a condition where carbon is released into the atmosphere. Global warming is…

Q: GOSI shopping complex has 100 stores all rented to communication shops and concerned about security.…

A: Public good have two special characteristics that are non-excludability and non-rivalrous.

Q: Both Wisconsin and Michigan border Lake Michigan. The lake is becoming polluted and both states are…

A: Cleaning of polluted lake will rise the positive externalities and society will benefit from it .

Q: Consider the decision to adopt a dog. Describe aprivate cost, a private benefit, an external cost,…

A: An externality occurs when the consequences of an economic transaction are borne by a third party…

Q: Identify an external benefit that could be generated by the presence of a shopping mall for a local…

A: Positive Externalities: Positive externalities refer to the benefit enjoyed by the third person who…

Q: Explain how a global-positioning anti-theft device installed by one car owner can produce a positive…

A: NOTE “Since you have asked multiple questions, as per guidelines we will solve the first question…

Q: Estimate the benefits of decreasing dirty water that households receive in New York. Housing price =…

A: Given information Inverse Demand function P=$100000-100*number of annual days in violation of water…

Q: 7. Wireless, high-speed Internet is provided for free in the airport of the city of Communityville.…

A: * ANSWER :-  * 7)

Q: Explain the challenges of a business trying to sell a public and private goods

A: Public good is a good or service that has two characteristics: Non-depletable and Non- excludable.…

Q: Which statement about a product with external costs must be correct? A. The consumption of the…

A: External cost: It refers to the cost that occur due to the process of production and consumption of…

Q: A large supermarket applied to build on land which was in an area of natural beauty. The local…

A: a)External cost is also known as externalities. It is the cost of the uncompensated environmental…

Q: 3. What is the socially optimum level of output and why? 4.What subsidy per (‘000’) would the…

A: Externality refers to an economic activities of one person  which have impact on others person's…

Q: 6. A paper mill discharges chemicals into a river that washes the shores of a downstream resort…

A: MSC>MPC implies there is negative production externality.

Q: International Agreements on Trade and the Environment a. In panel A, Home enjoys positive production…

A: Externalities occurs  when the consumption or production  of a good has an influence on parties who…

Q: Figure 1 Marginal Social Cost Py Marginal Private Cost 20 15 10 Marginal Private Benefit = Marginal…

A: In the given graph, it can be seen that the marginal private cost differs from marginal social cost,…

Q: 3. An externality is a consequence of an economic activity experienced by unrelated third parties;…

A: In financial matters, an externality or outer expense is an aberrant expense or advantage to a…

Explicit and Implicit Cost Analysis

The entire idea of the cost of production or production cost is applied corresponding or we can say that it is related to money cost. Money cost refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factors of production or factor services.