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- 11 When performing a benefit cost analysis of different options to provide clean water to a community, the option that should be chosen is the option that maximizes the benefit to cost ratio. True or False?1 What is Proximity’s ‘design approach’ and how does it function in practice? How has it translated into social impact? 2 Both Cyclone Nargis and the political/economic reforms of 2011 were huge disruptions for Proximity Designs. How did each of these events push the organization to develop new assets and competencies? 3 As Jim and Debbie Taylor, what would you do about Proximity’s irrigation business? Consider its relevance to Proximity’s mission, the changing external context, the organization’s resources, and the products’ business model (product/market fit, customer value proposition, revenue and profit model, sales, marketing & distribution strategy and the unit economics). 4 As Jim and Debbie Taylor, what would you do about Proximity’s lending business? Consider its relevance to Proximity’s mission, the changing external context, the organization’s resources, and the products’ business model (product/market fit, customer value proposition, revenue and profit model,…1. Discuss the merits of a proposal that the government should impose a tax or subsidy where a non-renewable resource is supplied monopolistically in order to increase the social net benefit. You may contextualize this to Fiji or to a current development that you may be aware of
- Since a logical objective of a relationship with Trans-Changi should be to create benefits to both parties over time, what do you think are some of the very critical “external” factors that could impact the success or failure of this relationship?nCompare and contrast the following concepts and indicate their implications: in the context of city formation, external economies of scale in production vs economies of scale in production cheggApplication Kindly explain. Suppose education has external benefits. Explain the implication of private schools being subsidized by the government. Could a better outcome be achieved if education were provided by the government?
- (External Costs with Variable Technology) Think of an industry that pollutes the water and has access to variable technology for reducing that pollution. Graphically illustrate and explain the impact of each of the following, other things constant, on the optimal level of water quality: a. New evidence is discovered about a greater risk of cancer from water pollution. b. The cost of pollution-control equipment increases. c. A technological improvement reduces the cost of pollution control.The chapter defines private enterprise as a characteristic of market-oriented economies. What would public enterprise be? Hint: It is a characteristic of command economies.What are the two key characteristics of public goods?
- Name two public goods and explain why they are public goods.The Gizmo Company is planning to develop new household gadgets. Table 13.4 shows the companys demand for financial capital for research and development of these gadgets, based on expected rates of return from sales. Now, say that every investment would have an additional 5 social benefit—that is, an investment that pays at least a 6 return to the Gizmo Company will pay at least an 11 return for society as a whole; an investment that pays at least 7 for the Gizmo Company will pay at least 12 for society as a whole, and so on. Answer the questions that follow based on this information. If the going interest rate is 9, how much will Gizmo invest in R. How much will the firm invest if it also receives the social benefits of its investment? (Add an additional 5 return on all levels of investment.)The state of Colorado requires oil and gas companies who use fracking techniques to retune the land to its original condition after the oil and gas extractions. Table 12.9 shows the total cost and total benefits (in dollars) of this policy. Calculate the marginal cost and the marginal benefit at each quantity (acre) of land restored. See Production. Costs and Industry Structure if you need a refresher on how to calculate marginal costs and benefits. If we apply marginal analysis, what is the optimal amount of land to be restored?