Q: Suppose a particular stretch of river can be used to build a hydropower dam that generates 2983…
A: Opportunity cost is the forgone benefits from the next best alternative.
Q: 10 percent and 120.
A: The money market is at equilibrium when the money demand equal the money supply. At the equilibrium,…
Q: E Which of the following is NOT a component of objective value, which supports how the condition and…
A: An inborn theory of value (likewise called the theory of genuine value) is any theory of value in…
Q: bec
A: Urban flooding occurs when the stormwater tends to flow into an urban area at a rate higher than it…
Q: The United Nations Secretary-General has called for COVID-19 vaccines to be considered global public…
A: Global public:- Global public benefits include A pure global public good, in traditional usage, is a…
Q: Explain how a global-positioning antitheft device installed by one car owner can produce a positive…
A: Spillover is an economic benefit, cost, event, or effect that occurs from the happenstance of…
Q: Economists may disagree because they havedifferenta. hunches about the validity of…
A: Economists may disagree because they have different hunches about the validity of alternative…
Q: True or False: You will probably need to take out an additional insurance policy for flood…
A: True
Q: There have been few ramifications from NAFTA. True O False
A: In September 2018, the United States, Mexico, and Canada agreed to supplant NAFTA with the United…
Q: Consider a firm that has a 5% chance of a loss of 50 million dollars. If there is no loss, the firm…
A: Insurance: A contract in which an entity or an individual gets a claim for the loss arisen.
Q: Considering the enormous potential financial losses that hydrometeorological hazards can cause for…
A: The science of hydrometeorology is the study of the water cycle. The study of the hydrological cycle…
Q: Suppose that, in the absence of mitigation, global warming will be plus 1 degree Celsius over the…
A: Given : MC = 4 + 10 Q MBdv = 20 – 15Q MBem = 8 - 5Q
Q: %24 $200 MB(Q) PMC(Q) $100 1, 10 20 30 Q (tons of papers) Assuming that producing paper releases…
A: Given We have given a curve of marginal benefit of the paper producing firm and private…
Q: What steps would we need to take to develop renewableenergy sources enough to largely replace fossil…
A: Meaning of Economic Development: the term economic development refers to the situation under which…
Q: The figure above shows a national marketable permit system for carbon dioxide. Which of the…
A: The permit price is determined by the supply of permits and demand for permits. The equilibrium…
Q: Assume there are two periods: today (0) and tomorrow (1) and that, after tomorrow the world comes to…
A: Total benefits in each period : B(qt) = 10 q - 0.5q2 Cost of extraction = 2q Discount rate = 10%…
Q: at a country is endowed with 47 reserve. rginal willingness to pay for oil in d is given by P = 10 –…
A: *Answer: Given that , Marginal willingness to pay = demand curve equation : P = 10 - 0.31q MC…
Q: Scarcity is defined as the condition in which +!! 4 см 9+99
A: One of the key elements affecting supply and demand is scarcity. . In any price-based market,…
Q: MCo (based on Eo) $ MC1 (based on E:) D = MB Хо X1 Personal environmental quality (X) Refer to the…
A: The highest price at or below which a buyer will purchase one unit of a good is known as willingness…
Q: Regulating for climate is often one where policy makers seek to minimize costs given that future…
A: Present value analysis can be considered as one better way in understanding the alternative where an…
Q: Uz Uz U4 Us 20 28 42 60 Income Currently the consumer has $60. If there is an accident their income…
A: Given a discrete random variable, and a function of that variable, the expected value of that random…
Q: A certain community consists of 1800 people, and one individual has a particularly contagious strain…
A: Total population (N): 1800 Spread of disease: A = 1800/(1+1799e-0.6t) A = number of people to…
Q: Problem 1: Estimate the benefits from increasing the protection for 50,000 powerplant workers.…
A: A probability appropriation is a factual capacity that depicts every one of the potential qualities…
Q: A project management consultant estimated that if a particular project was completed, t years after…
A:
Q: Alex, Kara, and Susie are the only three people in a community. Alex is willing to pay $40 for the…
A: Public goods: A public good is a commodity or services which are provided to all members of the…
Q: y justifications for overriding that right True False
A: Fundamental Rights are known to be the restricted rights but however they do not tend to give…
Q: 6. In Genshin Impact, the optimal crit rate z to crit damage y ratio can be obtained by maximizin 2…
A:
Q: Q1) A: Find the expected demand for (2020) by using SMA and WMA. Years Demand Probability…
A: A: 2019: Probability : 1 - (0.2+0.09+0.11) = 0.60 2020: SMA forecast : (15+13+11+8) / 4 = 11.75…
Q: Most individuals and businesses cannot pay for large economic losses, so they share the risk with…
A: Most people and organisations cannot afford to pay for huge financial losses, so they buy insurance…
Q: According to the IGM poll, most economists think that the benefits of ARRA exceeded the costs.…
A: The American Recovery and Reinvestment act is a recovery act enacted by 111th U.S congress and was…
Q: Why might private markets tend to provide too fewincentives for the development of new technology?
A: Technology encompasses all techniques, skills, methods, and procedures employed in the creation of…
Q: Suppose a Farmer has a fixed resource of 80 acres planted in corn. If the farmer does not cultivate…
A: Number of cultivation Output Marginal benefit 1 50 - 2 57 7 3 61 4 4 63 2 From the above…
Q: 1) Maximize following equation: w (x,y,) =-3x2+30x-6y2 Subject to x+y=5 2) Find dP/dQ P=5Q+Q2…
A: To maximize we set the lagrangian as..
Q: After finishing high school, Klaus got a job selling towels to tourists in South Beach on the…
A: According to the question given, Klause is selling towels after schooling to the south beach on…
Q: A project management consultant estimated that if a particular project wascompleted,t years after…
A: The following function is given: Here, t is time in years. Derivate this equation with respect to…
Q: Each of n people simultaneously chooses whether or not to contribute a fixed amount toward the…
A: Part A) The normal form of the game Let K = 2 There are 2 Players Player 1…
Q: Assume that household 1 and household 2 has the following demands for education (a private good) (in…
A: Consumers' willingness to buy products and services at certain pricing is referred to as demand.…
Q: nits equal e to one hira of total emissior economy (so two-thirds of all emissions m bated), and…
A: *Answer:
Q: Define the term Aggregating Risk over time?
A: In financial terms, risk is defined as the chance that the actual gains from an outcome or…
Q: What generation technology did Schwarz and Cochran (2013) find to have the lowest Levelised cost of…
A: Carbon emission is one of the problems faced by the whole world nowadays. Increase in the content of…
Q: )a-Ali receives utility from the Korean vaccine(K) and American vaccine(V) that he receives in the…
A: U=K*VPv=200Pk=160I=8000
Q: words about the negative/positive impacts of Corona virus (COVID19) on tourism sector in Oman
A: The arising Covid-19 emergency seriously affects all parts of improvement in the Sultanate. Around…
Q: Assume that a country is endowed with 33 units of oil reserve. (a) the marginal willingness to pay…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: A council is considering improving the watershed. It hires an agency to determine the feasibility of…
A: Introduction A counsel wants to consider improvement in the watershed. It hires an agency to…
Q: The decrease in the number of colonies of honey bees, essential to pollinate crops providing one…
A: The decrease in the number of colonies of honey bees, essential to pollinate crops providing one…
Q: (ou are the CEO of a brand-new dating app (BNDA). The number of users (i.e. total quantity demanded)…
A: Given information Mobile dating app company= brand new dating app(BnDA) Demand function n=1200-P+γne…
Q: Question Assume there are two periods: today (0) and tomorrow (1) and that, after tomorrow the…
A: (d) Royalty payments constitute a percentage of the net (gross) revenue obtained or acquired from…
Q: Put yourself in the shoes of the Egyptian Government. The country is already suffering from severe…
A: A) Actions does the government have available The first is the treatment of ground water to be reuse…
show that expectaion demages are efficient with respect to beach, but no efficient with respect to reliance.
Step by step
Solved in 3 steps
- A project management consultant estimated that if a particular project wascompleted,t years after completion,N thousand persons would benefit directly from the project,whereN(t) =(t 3/3)− 4.5t2 + 16t , 0 ≤ t ≤ 10For what value of t,will the largest number of people receive direct benefits?Most individuals and businesses cannot pay for large economic losses, so they share the risk with other individuals and businesses. True or FalseSEARCH ASK CHAT MATH SOLVER Question Assume there are two periods: today (0) and tomorrow (1) and that,after tomorrow the world comes to an end. Further assume there are 10 barrels of oilin the ground. Let the total benefits in each period be given as: B(qt) = 10qt−0.5qt2and the total cost of extracting the oil in each period be 2qt. If the discount rate is10%. Suppose that we use up all the oil in the ground over the two periods.(a) Find the net benefits in each period.(b) If a social planner wants choose a level of output q for periods t = 0and t = 1 so as to maximize the discounted sum of net social benefit over bothtime periods, what is the optimal allocation of output over the two periods?(c) Obtain the prices for the two periods, i.e., p0 and p1.(d) Find the royalty in each period. Show that, the discounted value of the royaltyin each period is the same and it is equal to the shadow price of oil (λ).(e) Verify the Hotelling rule (i.e., show that…
- A project management consultant estimated that if a particular project was completed, t years after completion, N thousand persons would benefit directly from the project, where N(t) = t3/3 − 4.5t2 + 16t, 0 ≤ t ≤ 10 For what value of t will the largest number of people receive direct benefits?Assume there are two periods: today (0) and tomorrow (1) and that,after tomorrow the world comes to an end. Further assume there are 10 barrels of oilin the ground. Let the total benefits in each period be given as: B(qt) = 10qt−0.5qt2and the total cost of extracting the oil in each period be 2qt. If the discount rate is10%. Suppose that we use up all the oil in the ground over the two periods.(a) Find the net benefits in each period.(b) If a social planner wants choose a level of output q for periods t = 0and t = 1 so as to maximize the discounted sum of net social benefit over bothtime periods, what is the optimal allocation of output over the two periods?(c) Obtain the prices for the two periods, i.e., p0 and p1.(d) Find the royalty in each period. Show that, the discounted value of the royaltyin each period is the same and it is equal to the shadow price of oil (λ).(e) Verify the Hotelling rule (i.e., show that the growth rate of theroyalty is equal to the discount rate).(f)…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.
- When the aggregate marginal savings function is uncertain and the marginal damagecurve is relatively flat, is it optimal to use an emission limit system (cap and trade) or totax emissions to regulate pollution?)a-Ali receives utility from the Korean vaccine(K) and American vaccine(V) that he receives in thefollowing format: U=K*VPv=200Pk=160I=8000After the Korean vaccine price goes up to 250 TL, as there is increased international competition toreceive it what is the compensation the Turkish government needs to offer for the individual`s utility tostay constant?b)With the Korean vaccine price going up to 250 TL, please differentiate the substitution vs incomeeffect of this price increase. Is the vaccine a normal good or an inferior good?c) Individuals gain utility from two things: leisure(N) and numeraire good consumption(C). In their youththey maximize:U1(N1, C1) = (N)1/2 (C)1/2Budget constraint should be constructed in the following way: With 24 hours of work, you buy leisurehours, and the numeraire good, which has a price of 1. If you get an hourly wage rate of w,Please set up the Lagrangian for utility maximization. Solve for w=10, your labor decision for the firstperiod.d-Let us assume…Suppose that the world is comprised of two countries, A and B, that jointly exploit a common pool of a non-renewable natural resource, say oil, whose total stock is Q = 300. Country i's net well-being TS(Qit) in period t (i.e.: social benefit from using the resource net of extraction costs) depends on the quantity of oil Qit that country i extracted in period t from the common pool, where i = A,B. Suppose that oil in these countries is fated to be depleted within two periods: 0 (the present) and 1 (the future), so t = 0,1, and that future well-being is discounted at the rate r = 0.25 (so the discount factor δ=0.8). Also suppose that the marginal surplus value in period t is: ΔTS/ΔQit = 100 - Qit. Find the oil extraction allocation that is efficient from the point of view of the whole world (i.e.: the quantities Qit for i = A,B and t = 0,1 that maximize the present value of the world's surplus value.
- Identify and explain two possible threats from globalisation for Daub LtdWhy might private markets tend to provide too fewincentives for the development of new technology?Ali Receives Utility From (D)omestic Vaccines from Kayseri, and the Sinovac Vaccine-(F)oreign. The utility structure is U(D,F)=D x F. The price of the foreign vaccine because of increasing returns to scale is $200, whereas at its earlier stages, the domestic vaccine is produced at a higher cost, and higher price of $250. The government has given each and every citizen a fixed payment of $8000 to spend just on vaccines, but it has not specified which vaccines. a- Does Ali Solve the Utility Maximization Question in an interior equilibrium or a corner solution? How do you know? What condition does the interior equilibrium necessitate regardless. b- Find Ali's Utility Maximizing Level of Domestic and Foreign Vaccines when he uses just the government allowance on vaccines? What is his utility level? C- Suppose the government wants to decrease Turkey's health exports. It pushes a vaccine subsidy, just for domestic vaccines that makes the price of domestic equal to $160. How does the utility…