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- Considering the enormous potential financial losses that hydrometeorological hazards can cause for individuals, households, communities, provinces, regions, and the country. Is it financially viable to adapt proactive measures to mitigate the effects of these?Suppose there is a public park. The annual cost of maintenance is $200,000. Visiting the park is free, and it is visited 210,000 times every year. However, to fund better maintenance of the park, the government wants to make visitors pay $4.70 per visit. Implementing a security system (to prevent visitors from sneaking into the park) will cost $0.50 per visit and $260,000 in annual fixed expenditures. At the same time, maintenance costs are expected to rise by 23%, not including security costs. The number of visits to the park is expected to fall by 34%If the true marginal abatement cost is unknown by the regulator and if the marginal benefits of abatement are steeper (more inelastic) than the marginal abatement cost, then a price instrument (emissions tax) will create less DWL than a quantity instrument (cap and trade). true or false
- How did the COVID-19 pandemic affect the economic, social, and political aspect of the Transportation System in the Philippines?Discuss factors affecting the effectiveness of the cost analysis of transport markets.Which of the following statements will hold good in the case of a system with uncertainty in demand for service and in service times? a) When the utilization of resources fall it is an indication of greater efficiency of the service b) It is a good practice to plan for resource utilization levels more than 85% c) Cost of waiting to get serviced is directly proportional to the cost of providing the service d) None of the above
- A local restaurateur who had been running a profitable business for many years recently purchased a three-way liquor license. This license gives the owner the legal right to sell beer, wine, and spirits in her restaurant. The cost of obtaining the three-way license was about $90,000, since only 300 such licenses are issued by the state. While the license is transferable, only $75,000 is refundable if the owner chooses not to use the license. After selling alcoholic beverages for about one year, the restaurateur came to the realization that she was losing dinner customers and that her profitable restaurant was turning into a noisy, unprofitable bar. Subsequently, she spent about $8,000 placing advertisements in various newspapers and restaurant magazines across the state offering to sell the license for $80,000. After a long wait, she finally received one offer to purchase her license for $77,000. What is your opinion of the restaurateur’s decisions? Would you recommend that she accept…Many states are now imposing severance taxes on resources being extracted within their borders. How is an increasing marginal extraction cost (over time) of depeletable resource by the imposition of severance taxes compared to the case without taxes? A. Marginal extraction cost increases due to the imposition of severance taxes B. Marginal extraction cost decreases due to the imposition of severance taxes C. Marginal extraction cost with severance taxes stays the same as the case without taxes38. Assuming a $7 per unit tax is imposed for the sole purpose of funding a specific government program to provide free economics education to all citizens, the true total cost of this program will be $______. a) 10 b) 12 c) 14 d) 16 e) 19 f) 28 g) 36 h) 48 i) 66 j) 70 k) 84
- Potential arguments and counter arguments in favour of Surescripts’ use of vertical restraints. (with citation and references)Choose the reasons a company, policymaker, consumer, or nongovernmental organization might conduct a life cycle assessment: a.) Supply information for public policyb.) Assist in guiding development of new products c.) Calculate financial savings from switching supplier d.) Compare inputs and outputs associated with alternative productse.) All of the above.Analyze the impact of the adoption of electric cars on socio-economic condition of Indians.