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- 2. only1. Whether the government has taken any action on Call to Action ? 2. Discuss the current status of Call to Actio1. Solve for the graph and aggregate demand of the city’s 30 residents as functions of the number of trees. Label intercepts slopes and intersection of two sections. 2. Assume that the city can obtain each tree at a constant marginal cost of 200. Solve the socially efficient numbers of trees for the city to purchase.
- 2. Country X has carbon emission of 5000 units per year. The country is involved with Paris Agreement and will strive to reduce the emission of pollutants by 80%. The country has decided that the appropriate strategy is a permit system. (These problems are all sequential) a. How many permits should the government provide? 1000 permits b. Assume that the marginal benefit of abatement and the marginal cost as followed: MBAbatement = 500 -0.5QAbatement MCAbatement = 2QAbatement Find the total cost of abatement that would be done due to the permit system! с How many permits should be provided by the government to be efficient?9. Chapter malper, Section .11, Problem 022 (ID: 022.11.MANK09) The Pennsylvania Turpike is a tolled freeway running through the state of Pennsylvania. Motorists must pay toils at various points along the Turnpike based on the distance they traveled on the freeway. Suppose that despite the tolls, many motorists in the urban areas use the Turnpike causing traffic to slow during peak times. What type of good would the Turnpike be classified as in this case? Ca. Common resource Ob. Private good. Oc. Public good Cd. Club goodcap-and-trade and windfall profitsA city called Seoul is suffering from high concentrations of mercury in the air, caused by burningcoal in power plants. There are two of these plants close to the city. The city’s mayor wants touse cap-and-trade to reduce emissions to a reportedly “safe” level of 60 tons. The two firms havethe following marginal benefits of emissions: MB1 = 100 – 2e1, MB2 = 25 – 0.5e2.a. How much mercury will each firm emit? What allowance price will prevail in themarket?Firm 2 hires a smart lobbyist who convinces the government that its profits are relatively low andthat it therefore deserves a generous allowance allocation. The government agrees and allocatesa1 = 20 allowances to firm 1 (for free) and a2 = 40 allowances to firm 2 (for free).b. What are the firms’ profits? Do any of the firms earn windfall profits? [Hint: compareprofits with and without regulation.] Windfall profits have been sharply criticized by consumer advocacy groups and politicians.c. What can…
- Completed 17 out of 20 estion 14 of 20 > A network externality is an external cost or benefit generated from the O virtuous cycle. O production of a network good. consumption of a network good. O network effect. LAPTOP LOGIN cen PASSWORD: Browarg USERNAME: studentWhich of these situations would give rise to the free-rider problem? ltems (6 items) (Drag and drop into the appropriate area below) group work in college arecycling ||program studying for a test National Public Radio a bank providing bike-share programs a"free" checking account Categories Free-Rider Problem No Free-Rider Problem < 06/1s VIEW SOLUTION 12 OF 15 QUESTIONS COMPLETED ерь SUBMIT ANSWER 28 MacBook Pro esc FI F2 F5 F6 F7 F8 F9 F1O FIN 3 5 6 7 8 9Need explanation how we got 11.5
- Plz .... How do companies profit from sustainability ?tidterm Exam #2 Alternative Back to Assignment Attempts 3. Keep the Highest 3/4 S. Externalities - Definition and examples An externality arises when a firm or person engages in an activity that affects the wellbeing of a third party, yet neither pays nor receives any compensation for that effect. If the Impact on the third party is adverse, it is called a extemality. The following graph shows the demand and supply curves for a good with this type of externality. The dashed drop lines on the graph reflect the market equilibrium price and quantity for this good. Adjust one or both of the curves to reflect the presence of the externality. af the social cost of producing the good is not egual to the private cost, then you should drag the supply curve to reflecet the social costs of producing the good; simiarly, f the social value of producing the pood is not equal to the private value, then you should drag the demand curve to reflect the social value of consuming the good. Supply Demand…1. The total demand (marginal benefit) curve for backpacking trips within 30 miles of the Supersti- tions is as follows: (a) Price = 200 -0.5 x NumberOfTrips - 10 x Water Availability Index Describe what water availability does to consumers' demand for trips.
