Answered: What percent of the world's water…

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What percent of the world's water demand is used for agricultural purposes? Group of answer choices

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter9: Applications Of Cost Theory

Section: Chapter Questions

Problem 2.5CE

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The cost of reducing lead contamination of water for BigManufacture Inc. is shown in the table below. BigManufacture Inc currently releases lead in to the local waterways at a concentration of 5 parts per billion. The government regulations sets a limit to the lead pollution at 2 parts per billion accompanied by a $30,000 fine per year for each part per billion beyond the 2 part limit. What is BigManufacture Inc likely to do? Reduction of Lead Cost By 1 part per billion $20,000/year By 2 parts per billion $45,000/year By 3 parts per billion $80,000/year Group of answer choices Reduce lead pollution by 1 part per billion. Reduce lead pollution by 2 parts per billion. Reduce lead pollution by 0 part per billion. Reduce lead pollution by 3 parts per billion.
(Type out correct answer ASAP with proper step by step explanation.will give positive rating only for correct answer.thank you) Consider a competitive market for single-use plastic bags. Market demand is given by P=15 - Q/500, where P is the market price and Q is the quanity demanded. The marginal cost of producing plastic bags is constant, resulting in a market supply curve given by P = 3. However, every single-use plastic bag generates an external cost equal to Q/500 (note: it is increasing in the quantity produced). Hence the marginal social cost is MSC = 3 + Q/500. Now carefully respond to the following questions. A. What is the price and quantity of plastic bags prodyced in the competitve market equilibrium? B. What is the efficient (or socially optimal) quantity of plastic bags? At what price should they be sold?
The marginal benefit of being able to emit a ton of sulfur dioxide emissions for two firms are given by:MBX = 1000 – ( Ex / 2 )MBY = 600 – ( Ey / 3 ) Note that these marginal benefit figures can be interpreted as marginal cost of abating emission down to levels Ex and Ey.Government regulators want to reduce total sulfur dioxide emissions to a total of 1800 tons.a) If the government imposes the same standard of 900 tons maximum emissions on both firms what would be the total cost of abatement (calculated as the aggregated marginal benefits forgone)? b) If the government distributed 900 tradable pollution permits (one ton each) to each firm what would be the final allocation of these permits after the firms trade them?c) What would be the total cost of abatement in this latter case?
. Appalachian Coal Mining believes that it can increase labor productivity and, therefore, net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is MC=40P Where P represents a reduction of one unit of pollution in the mines. It also feels that for every unit of pollution reduction the marginal increase in revenue (MR) is MR=1000-10P How much pollution reduction should Appalachian Coal Mining undertake?
Branding Iron Products, a specialty steel fabricator, operates a plant in the town of West Star, Texas. The town has grown rapidly because of recent discoveries of oil and gas in the area. Many of the new residents have expressed concern at the amount of pollution (primarily particulate matter in the air and waste water in the town’s river) emitted by Branding Iron. Three proposals have been made to remedy the problem:a. Impose a tax on the amount of particulate matter and the amount of waste water emitted by the firm.b. Prohibit pollution by the firm.c. Offer tax incentives to the firm to clean up its production processes.Evaluate each of these alternatives from the perspectives of economic efficiency, equity, and the likely long-term impact on the firm.
Appalachian Coal Mining believes that it can increase labor productivity and, therefore, net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is MC = 40P where P represents a reduction of one unit of pollution in the mines. It also feels that for every unit of pollution reduction, the marginal increase in revenue (MR) is MR = 1,000 - 10P How much pollution reduction should Appalachian Coal Mining undertake?
A pharmaceutical company Eureka Bio has discovered a Corona vaccine that can be produced at constant marginal cost of R10. The company has entered into offtake dosage agreements with Country A and B. Country A has a dosage demand of QA=200-PA and Country B has dosage demand of QB=160-PB(a) Suppose that Country A has high infection rates, determine the price that Eureka Bio can charge Country A and B to prevent a resale between countries.(b) If Eureka Bio is the only pharmaceutical company that was successful in developing vaccines, determine the dosage that will be sold to both Countries. What will be Eureka’s profit? (c) If World Health Organization introduces a regulation on the price of dosages, calculate the price, profits and dosages that Eureka can charge. please note that this is calculations and not theory based questions. Please help with a and c
A pharmaceutical company Eureka Bio has discovered a Corona vaccine that can be produced at constant marginal cost of R10. The company has entered into offtake dosage agreements with Country A and B. Country A has a dosage demand of QA=200-PA and Country B has dosage demand of QB=160-PB(a) Suppose that Country A has high infection rates, determine the price that Eureka Bio can charge Country A and B to prevent a resale between countries.(b) If Eureka Bio is the only pharmaceutical company that was successful in developing vaccines, determine the dosage that will be sold to both Countries. What will be Eureka’s profit? (c) If World Health Organization introduces a regulation on the price of dosages, calculate the price, profits and dosages that Eureka can charge. please answer a and c
A pharmaceutical company Eureka Bio has discovered a Corona vaccine that can be produced at a constant margin cost of $10. The company has entered into off take dosage agreement with Country A and B. Country A has a dosage demand of QA = 200 - PA and Country B has a dosage demand QB = 150 - PB. (a) Suppose that Country A has higher infection rates, determine the price that Eureka Bio can charge Country A and B to prevent a resale between countries. (b) If Eureka Bio is the only pharmaceutical company that was successful in developing vaccine, determine the dosage that will be sold to both countries. What will be the Eureka's profit ? (c) If World Health Organization introduces a regulation on the price of dosage, calculate the price, profits and dosage that Eureka can charge.
Cost-effective pollution control means that... Mark all that applies. Group of answer choices the total social costs of pollution control and pollution damage are minimised. the amount of pollution reduction achieved from a given budget is maximised. a given level of pollution control is achieved at the least cost.
Respond to the question with a concise and accurate answer, along with a clear explanation and step-by-step solution, or risk receiving a downvote. n the table below are the marginal abatement costs of two firms. Note that an entry in the table indicates the cost of reducing emissions by one unit from the previous level. For example, $104 is the additional abatement cost for Firm 1 to reduce its emissions from 3 tons to 2 tons, and $40 is the cost for Firm 2 to reduce its emissions from 7 tons to 6 tons. 1.In an unregulated environment each firm produces 10 tons of emissions (20 tons total). Using the table above, what emissions levels (i.e., emissions standards) would you assign if you wanted to limit aggregate emissions to 7 tons in a cost-effective manner? Firm 1’s emissions level ________________ Firm 2’s emissions level ________________ 2.Given the emissions levels from Question 1, calculate the total abatement cost for each firm? Firm 1’s total abatement cost ________________…
OA study that compares the costs and benefits to society of providing a public good is called externality analysis. O a. True Ob. False Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.