image 2 3) If the decrease in demand is relatively larger than the increase in supply for baklawa, what will happen to the equilibrium price and quantity? Use a graph to illustrate your answer.
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- Endanger animals such a panda is non-use value. Explain why non-use, or passive use values, cannot be valued either by observing their prices in markets or with revealed preference techniques. Finally, explain how stated preference techniques can be used to estimate non-use value. (250 words or fewer.) (In environmental view)Items A B C D E2004 Price (₹) 15 33 38 25 50Qty. 30 35 57 35 63 Find TRI live next door to an insomniac who plays jazz music every weekendlate at night. It is loud enough to keep me awake, but not loudenough to exceed the legal limit on noise pollution. Using Coasianbargaining I couldSelect one:a. Invest in soundproofing out of my own pocketb. Pay my neighbour not to play music at such timesc. Ask my neighbour to pay me to stay elsewhere at theweekendsd. Seek legal redress Please tell me which awnser is correct for this question thank you
- 3. A chemical factory discharges waste product into a river. The waste kills many salmon that are swimming upstream to spawn. While there will no doubt be other ecological damages from the chemical effluent, let's focus on those of fishery. Let E be tonnes of chemical effluent discharged per month. Then the marginal damage to fishery (measured in the terms of lost salmon stock) is MD = 8E. The chemical factory can reduce its effluent flows by treating its waste products. Its marginal abatement cost function is given by MAC = 800 – 10E. (a) Compute socially efficient equilibrium. (b) How does the liability for damages affect pollution level? Will the chemical factory change its emission levels in response to liability laws? (c) Will liability system automatically lead this polluter to a socially effi- cient level of emission (as calculated in a)? (d) Now, consider that the chemical factory has the right to use the river however it wants. It does not have to pay any compensation to…18. Calvin buys a new tractor for $125,000. He receives consumer surplus of $0 on his purchase. What is Calvin's willingness to pay? a. $13,000 b. $125,000 c. $125,000 d. $138,0004help plz
- 8. (Environmental Protection) Four federal laws and subse- quent amendments underpin U.S. environmental protec- tion. Identify these laws.Plz asapProblems 1-6 are based on the following information: A company sells PC software whose price is determined by p = 200 - 5Q, where Q is the quantity purchased per day. It has fixed costs of $100 per day and variable costs of $10 per unit sold. Profit is ________ at the profit-maximizing price and quantity. A. $2025 B. $1705 C. $290 D. $105 E. $1995