Why might a wetland ecologist scoff at an economist when the economist claims to have come up with a "value" for wetlands, for use in benefit-cost analysis? Keep in mind that economists and ecologists tend to have very different ideas about the concept of “value” for environmental resources?  Explain the differences between the concept of “existence value” for an economist, and the concept of “intrinsic value” for an ecologist.

Q: Discuss the role of Natural Resources in external environment?

A: The role of Natural resources in an external environment can be explained as follows:  The natural…

Q: Compare and contrast private and public goods.

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: The value of a home depends in part on how attractive other homes and yards in the neighborhood are.…

A: The externalities are the additional costs or benefits received by the third person who is not…

Q: what are some proms and cons of being an environmental economist?

A: Environmental economists supervise the economic analysis which is linked to environmental protection…

Q: What are ecosystem services? Give several examples. Describe ways in which some economists have…

A: The monetary value of an asset or service is the amount of money that would be received if it were…

Q: To use energy resources efficiently, what costs would you suggest to be included in energy prices?…

A: Private cost is the actual monetary cost of using resources.  An external cost occurs when using a…

Q: Many restaurants have chosen not to serve shark fin soup, while many others continue to serve it.…

A: Due to growing Western disapproval and a crackdown on corruption and extravagant consumption, shark…

Q: In a market without environmental regulations, will the supply curve for a firm account for private…

A: ANS In the absence of environmental regulations a firm is allowed to emit pollution without any…

Q: Consider the definition of open-access resources introduced this week, is a public park an…

A: In economics, open access resources are, for the most part, competitive, non-excludable goods. As a…

Q: Because public goods are jointly consumed, which of the following is obtained by summing the private…

A: The public good refers to the good which satisfies two conditions: Non rival in consumption and non…

Q: Ellen and Jo have identical marginal private cost curves and demand curves and use the same amount…

A: Demand represents the volume of goods and services that the consumers are willing to buy at…

Q: In a market without environmental regulations, will the supply curve for a firm take into account…

A:

Q: Should a firm exceed the minimum legal limits of government imposed environmental regulations and be…

A: Externality refers to the implication of one's action on the actions of others. For example,…

Q: Determine whether the good is a private good, public good, artificially scarce good, or common…

A: a. Uncongested roads with toll booths upon entry A toll road that is not congested is excludable but…

Q: Describe aspects of environmental economics and ecological economics

A: Economics is a social It looks into how individuals, businesses, governments, and countries decide…

Q: Determine whether each of the following goods is a private good, a public good, a common resource,…

A: Private goods are excludable and rival while public goods are non excludable and non rival in…

Q: How can the benefit-cost analyses attempt to determine whether thesocial benefits of a proposed…

A: Social Cost-benefit analysis surveys all the impacts of the proposed public activity. It consists of…

Q: Do you think it is possible to draw a clear distinction between private and public goods? Which of…

A: Yes , It is possible to draw a clear distinction between the public and private goods. The…

Q: best example of a positive external benefit generated

A: A positive external benefit is the benefit which an individual can get in spite of being unrelated.…

Q: estate agents, environmental economist and custom success manager?

A: Estate agents, environmental economist and customer success manager are different roles catering to…

Q: What role do property rights play in creating common property resources? Why are common property…

A: The arrangement of rights where a group of users of a resource tends to share duties and rights…

Q: A reasonable estimate of the social cost of carbon is $50/ton CO2e from the Obama Administration’s…

A: A reasonable estimate of the social cost of carbon is $50/ton CO2e from the Obama Administration’s…

Q: What are some pros and cons of being an environmental economist?

A: pros:-  the advantage of being an environmental economist is that is a great profession and can do…

Q: Many restaurants have chosen not to serve shark fin soup, while many others continue to serve it.…

A: Shark finning, the barbaric practice of sawing the fins off live sharks to make a gourmet soup,…

Q: Identify an external benefit that could be generated by the presence of a shopping mall for a local…

A: Positive Externalities: Positive externalities refer to the benefit enjoyed by the third person who…

Q: What is the importance of the enforcement private property rights as it relates to the mitigation of…

A: Market failure is a situation when the market mechanism fails to produce most efficient outcome of…

Q: In what ways does poverty lead to environmental degradation? In what way are the poor victims?…

A: The poverty is the state where people are having lack of income to support their livelihood in such…

Q: Explain the concept of public goods in terms of environmental economics.

A: Public goods are those goods which are freely available on the market and whose use does not affect…

Q: How can we measure production related benefits of reducing pollution or environmental improvement?

A: Reducing the pollution is very much important for the environmental improvement and have better…

Q: The town of Grayling has 10 thousand residents who produce fish from fish farms and lakes. Each…

A: please find the answer below.

Q: What are public goods?  Describe its two characteristics and give an example of a public good.  Why…

A: Public goods are goods or services that are provided out of government taxation revenues. It…

Q: Assume public authorities set an optimum emissions standards at 10 tonnes per month. The total cost…

A: The quantity of output that maximizes the sum of consumer and producer surpluses is referred to as…

Q: examples that the level of pollution or resource use is lower when the correct economic principles…

A: Economic efficiency implies an economic state in which every resource is optimally allocated to…

Q: Overfishing in countries like Japan has led to near distinction of some fishes due to the common…

A: When a public good is non exclusive there is a tendency for each each consumer to be a free rider…

Q: What are the essential characteristics of public goods? Why might it be difficult for private sector…

A: Pubic good is a good whose consumption by one do not reduce its availability to others and from…

Q: Identify an external benefit that could be generated by the presence of a shopping mall for local…

A: Positive Externalities: Positive externalities refer to the benefit enjoyed by the third person who…

Q: Discuss the pros and cons of various solutions for avoiding the problems associated with the…

A: Public goods are the goods that are non- excludable and non- rivalries. Public good are designed to…

Q: Describe any two policies we can use to address market failure due to commons or public goods.

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…