9. The efficient effort allocation and the maximum sustainable yield effort allocation EM for fisheries are equal when: a. The curve TC=0 is a horizontal line coinciding over the horizontal axis and its slope MC is zero. MB = MC > 0. TB = TC. b. C.
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- In a market without environmental regulations, will the supply curve for a film account for private costs, external costs, both, or neither? Explain.d. What is the socially optimal level of emissions for the industry per month? What would be the resulting total abatement cost per month? Total damage per month? Total social cost per month? e. If environmental authorities wished to control pollution in the industry by imposing an emission tax on pollution, what would be the optimal tax rate per ton of emissions? At this rate, how many tons of pollutants would the industry emit per month? What is the total tax bill to be collected per month? What would be the resulting total abatement cost per month?n order to create more jobs in the region, the local government gave permission to a foreign investor to build a chemical plant not far from a residential area. Analysts predict that real estate prices will drop by 15%15%. Currently, the total value of real estate is $40$40 million.Calculate the potential external cost for the residents in this area of building the chemical plant. Write the exact answer. Do not round.
- Figure 1 mc plant 1 $3.00 $2.00 나 mc plant 2 $1.00 25% 50% 75% $4.00 Marginal Cost (per ton) of pollution reductionton ○ a). $1.10 Ob). $0.90 Oc). $0.60 100% Assume now that each plant in Figure 1 normally emits 100 tons of pollutant (so a 50% reduction means a reduction of 50 tons.). Assume the plants are issued permits for 50 tons of pollutant. Plant 2 might agree to sell one permit to Plant 1 (and Plant 1 would agree to pay) a price of... O d). either (b) or (c) above Pollution reduction11 When performing a benefit cost analysis of different options to provide clean water to a community, the option that should be chosen is the option that maximizes the benefit to cost ratio. True or False?25. Suppose that there is a large farm and a large recreation firm located on a river. The farm is upstream of the recreational area. The farm uses the streamflow for irrigation. Let S be the amount of streamflow used by the farm and suppose its marginal benefit for irrigation is given by MB-5000-15S. Use of streamflow by the farm is costly to the recreational firm, though, because of lost opportunities for boating, fishing, and camping. Suppose this marginal cost is given by MC=5s. (a) Draw a sketch of the MB and MC curves for use of S by the farm. On your graph, show the efficient level of S by the farm. Solve for this amount from the equations. (b) If unregulated, the farm uses streamflow at a price of zero. Show on your graph what S this corresponds to. Solve for it from the equations. (c) If the government sets a tax price on streamflow, what tax price per unit of S will result in the farm using the efficient level of streamflow? Show on your graph and find with the equations. (d)…
- 1) Since Mr. Leon polluted a lake the government has to clean up his mess. The following are the total benefits and costs associated with cleaning up his mess. % Cleaned Total Benefits Total Costs 20 50,000 500 40 90,000 1500 60 100,000 3,000 80 107,000 10,000 100 110,000 20,000 A)What amount should the government clean up? To answer this you must first calculate the marginal benefits and marginal costs associated with the clean up of the lake.$ MAC 69 0 K A. The total benefit of that decision is represented by area(s) B. The total cost of that decision is represented by area(s) M Suppose that emissions were to decrease from the unregulated level to the optimal level. C. The net benefit of that decision is represented by area(s) MD ◆ e ◆QUESTION 7 Choose a wrong statement about uniformly mixed fund pollutants. O The damage caused by uniformly mixed pollutants is relatively insensitive to where the emissions are injected into the atmosphere. A difficulty with emission charge is determining how high the charge should be set in order to ensure that the resulting emission reduction is at the desired level. The policy can focus simply on controlling the total amount of emissions in a manner that minimizes the cost of control. O The cost-effective allocation is found by equating the total control costs of the two sources.
- 12. What are economic benefits of using biodegradable plates? Explain..?D. England coastal community is given by MSB = 40 – 1.5*q, and the marginal cost is MSC = 0.5*q; where q is thousand tons of fish harvested in the current year, and MSB and MSC are measured in million dollars. Assume overfishing will reduce the productivity and the fishery and specifically each thousand tons of fish harvested this year will reduce the present value of future benefits by 4 million dollars, that is the marginal user cost MUC = 4. Determine the quantity of output that achieves static efficiency. Determine the quantity of output that achieves dynamic efficiency. The marginal social benefits generated from commercial fishing in an New %3D a. b.Side 24 A government wishes to reduce air pollution with SO2 through taxes or emission permits. Which of the following statements would make the government abandon its choice? Vælg én svarmulighed O The external costs are uncertain O All these responses O The costs reductions are uncertain O The avoided emissions quantity needed are uncertain