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What would full marginal-cost pricing of water lead to?
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- 1.Explain specifictly how to overcome and solve the major problem of Mcdonal's company from polluting the water? 2. Explain specifictly how to stop the staff from throwing unethically waste inside the water? 3. Explain what the company will do if the staff still throwing unethically waste in the water?1. The total demand (marginal benefit) curve for backpacking trips within 30 miles of the Supersti- tions is as follows: (a) Price = 200 -0.5 x NumberOfTrips - 10 x Water Availability Index Describe what water availability does to consumers' demand for trips.1. What sort of product is alcohol in economic terms if the government wants torestrict consumption of it?2. Analyze the social costs of alcohol consumption.3. Analyze the factors that would determine the impact of a price increase on theconsumption of alcohol4. Is introducing a minimum price a better way of reducing consumption than trying tochange peoples’ attitudes?
- The figure below shows the demand curve for a U.S. farmer for irrigating his land. It costs $100 per acre to irrigate the land. Each acre of land irrigation generates salty runoff that winds up in the Colorado River. It costs $50 to desalinate this river water so Mexican farmers can irrigate their crops. Price ($) 275 250 225 200 175 150 125 100 75 50 25 0 DMBMB sed 10 20 30 40 50 60 70 80 90 100110120 Irrigation (acres) Tools (2) MCpvt MC socialANSWER LETTER A As a eco-tourism site, the Kubak crystal caves are renowned for their stalactites and stalagmites.The warden of the caves offers a tour each afternoon at 2pm sharp. The caves can be shown toonly four people per day without disturbing their fragile ecology. Occasionally, however, more thanfour people want to see the caves on the same day. The following schedule lists the people whowanted to see the caves on September 24, 2003, together with their respective times of arrival andreservation prices for taking the tour that day. Customers Arrival Time Reservation price Herman 1:48 P 20 Jon 1:50 14 Kate 1:53 30 Jack 1:56 15 Penny 1:57 40 Fran 1:59 12 Faith 2:00 17 a.) If the tour is “free” and the warden operates on a first-come, first-served basis, what will the total consumer surplus be for the four people who get to go on the tour that day? b.) Suppose the warden solicits volunteers to postpone their tour by offering increasing amounts of cash…3. The figure shows supply and demand for planting trees, based on private costs and private value. Trees sequester carbon, meaning that they help counteract pollutants that contribute to climate change. Supply is given by P=(1/5)Q+4. Price of trees ($) 16 vlleiona sdi toode grind of gaitneleon oxibiadua Insamovog od bluoria doum woll > (laval lernitqo siooz - love pioiflo aniH) Sninaly sou to level insioifto Quantity of trees 80 Vanui D=PV=SV a. Suppose that the carbon sequestration that results from planting a tree is worth $4. Graph the social cost curve for tree planting that accounts for the positive externality indo of trees. O noitesubs sgo lovel yus 101 aftened steving sdh besoxs noitesubs 02/20 exibiadure of me 1944an2be agellos to innome insisifie yllisimmanoce sil oiterubo ogollos to calv b. Ignoring the positive externality, how many trees will be planted? uba
- 1. The prairie dog has always been considered a problem for American cattle ranchers. They dig holes that cattle and horses can step in, and they eat grass necessary for cattle. Recently, ranchers have discovered that there is a demand for prairie dogs as pets. In some areas, prairie dogs can sell for as high as $150 each. Cattlemen are now fencing off prairie dog towns on their land so these towns will not be disturbed by their cattle. Draw a rancher's production possibilities frontier showing increasing opportunity cost of cattle production in terms of prairie dog production. Using a separate graph for each situation, show what would happen to the initial production possibilities frontier in each of the following situations: a. The outcome is efficient, with ranchers choosing to produce equal numbers of cattle and prairie dogs. b. As a protest against the government introducing the gray wolf back into the wild in their state, ranchers decide to withhold 25 percent of the available…aw The graph below shows the domestic supply of and demand for mangos in India. 18 16 Price ($) 14 12 10 2 200 400 600 800 1000 1200 Quantity of mangos (cases) 1400 1600 D$2.00 7. $1.50 eBook $1.00 20 27 28 30 Millions of Gallons of Milk Per Week 35 Refer to the above diagram for the milk market. There would be equilibrium whenever the price is Multiple Choice $1.50 per gallon. less than $1.50 per gallon. more than $2.00 per gallon. less than $1.00 per gallon. Mc Graw Hill Price (per gallon)
- How market equilibrium is found with Pollution Abatement Subsidy? Also draw graph and interpret it.12LGjjfiV9KIUa7A14QC7gvvPrKFtW6ZwP60WrVE/edit AP 100% PRICE Dolars perp Answer Price ($) 10. Using the graph below, determine the equilibrium price and quantity of pens. 0000 5000- 3000 2000- Normal text Answer: RUBRIC Worksheet 2 Scenario 11. Using the graph below, determine the approximate equilibrium price and quantity of soap. Supety 3 QUANTITY ons of pens) Demand Curve Arial Supply Curve Cartoon P Quantity Supplied Price determination AND PRICE 11 Demand + B I UA AThe state of Colorado requires oil and gas companies who use fracking techniques to retune the land to its original condition after the oil and gas extractions. Table 12.9 shows the total cost and total benefits (in dollars) of this policy. Calculate the marginal cost and the marginal benefit at each quantity (acre) of land restored. See Production. Costs and Industry Structure if you need a refresher on how to calculate marginal costs and benefits. If we apply marginal analysis, what is the optimal amount of land to be restored?