(a) Does an externality exist? If so, classify the externality as positive/negative (or both). (b) Use Coase's framework to identify the cause of the externality. (c) If an externality exists, determine whether the Coase theorem applies (i.e. is it possible/reasonably feasible to assign property rights and solve the problem?). Provide a reasoning for your assessment. (d) If an externality exists and the Coase theorem does not apply, discuss a government or institutional solution that can mitigate the problem of externality. Provide a reasoning for vour assessment
Q: For what types of organizations do the before-tax situation provides a valid base for economic…
A: Economic evaluation includes: Cost minimization analysis Cost-effectiveness analysis Cost-benefit…
Q: What is the ethics and accountability in public service and governance? Discuss its important and…
A: In the case of governance accountability is considered as morals and administration, in comparison…
Q: What are the main theoretical and practical difficulties in establishing accurate values in…
A: Cost/Benefit Analysis A cost-benefit analysis is a well-organized measurement of the costs and…
Q: A public good Multiple Choice о generally results in substantial negative externalities. can never…
A: Public good in economics is a good or service that is made available to all people in a society.…
Q: Transferable discharge systems and emission charge systems seek to remove technical pollution…
A: Transferable discharges permit system: In this system, the property right is created in which a…
Q: A primary beneficiary would be named for which of the following types of Accident and Heallh…
A: Primary beneficiaries:- A primary beneficiaries are someone or anything that is first among all who…
Q: The government wants to enact tax legislation aimed at reducing increasing discharge levels of…
A: As per given information:- Total cost of tax = $ 5*100 million…
Q: Choose a wrong statement about uniformly mixed fund pollutants. The damage caused by uniformly mixed…
A: In the market, the pollution is one of the greatest negative externality produced by the firms for…
Q: QUESTION 1 A local goverment is considering promoting tourism in the city. It will cost $5,000 to…
A: a) A. The project is justifiable based on the benefit-cost analysis.
Q: Compare the general underlying objective of public decision making versus private decision making.…
A: Public decision-making is centered around advancing the overall government assistance of the…
Q: How do internal and external screening and evaluation approaches differ?
A: Screening: It is the stage in the new item improvement measure which follows thought (or idea) age.…
Q: When video game marketers were investigated for allegedly raising prices excessively during the Eid…
A: In the given scenario, there was an excessive price rise in the wake of increased demand due to…
Q: Roughly ten percent of elementary schools in California have a system whereby 4th to 6th graders…
A: Multigrade and multi-age classrooms, in which students from two or more grades are taught by one…
Q: What are the macro-environmental factors (pestel analysis) of Implementing/Activating an Emergency…
A: PESTEL analysis is important for organization.
Q: You know that your cousin was responsible in breaking your neighbors window. Your neighbor is a…
A: An ethical dilemma is described as an issue in the process of decision-making between 2 possible…
Q: What are the pros and cons of using an environmental impact analysis, an economic impact analysis,…
A: Cost-Benefit Analysis (CBA) or Economic Impact Analysis originated from Welfare Economics. It…
Q: 1. State the assumptions associated with a material balance modeling approach and give an example of…
A: Material balances are an economic planning strategy in which material supplies are measured in…
Q: Analyze the TWO (2) challenges of the One-Belt One-Road Initiative.
A: The OBOR (One Belt, One Road) programme is a Chinese strategic and economic effort that aims to…
Q: What communication strategies would be most effective in conveying findings and recommendations to…
A: Stakeholders are the group of members without whose support the organization would cease to exist.…
Q: The government wants to enact tax legislation aimed at reducing increasing discharge levels of…
A:
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: a. What are the five external decision criteria for determining entry modes? List and discuss b.…
A: GIVEN the five external decision criteria for determining entry modes? List and discuss List the…
Q: Which of the following statements is true? a. It is good to shift perspective when quantifying…
A: Cost-benefit analysis (CBA) is a technique for comparing the entire expenses of a programme or…
Q: For what purpose is the Benefit-cost analysis commonly used?
A: Benefit-cost analysis is an analysis process through which a firm or company analysis the decisions…
Q: Which answer about the amount of the group life death benefit that the beneficiary must disclose for…
A: The death benefit received by the beneficiary of a life insurance policy is not taxable income, and…
Q: Winner’s curse is more severe (A) for common rather than private values; (B) empirical…
A: The winner curse is the situation where the value of a good is same for all bidders, but the private…
Q: Define and give a concrete example of Locality development and Social Planning
A: To find : What is locality development and social planning with examples.
Q: A type of external financing that does NOT require a corporation to return the amount borrowed at a…
A: External financing is a term used in capital structure theory to describe funds obtained from…
Q: The EPA determined the presence of a public health and ecological damage externality cost in dollars…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Why should the government conduct a rigorously benefit-cost analysis of the project?
A: The Benefit-cost analysis helps to find the most suitable or profitable project. If there are…
Q: How do the policy influencing drivers impact stakeholders' interests; particularly with regard to…
A: Economic problem arises, when wants (desires for goods and services) are infinite (unlimited) and…
Q: The following data are for a series of increasingly extensive flood-control projects. Total…
A: Marginal Cost - Marginal Cost is the cost of producing an additional unit of the output. Marginal…
Q: Identify the viewpoint (e.g., budget, governmentunit, citizen, business owner), and categorize…
A: A project worked, controlled and owned by the government is a public sector project, where it covers…
Q: Q4 (i) State the salient features of the Pakistan Environmental Protection Act (PEPA) 1997.
A: The Pakistan Environmental Protection Act 1997 was passed by the National Assembly of Pakistan on…
Q: Since a logical objective of a relationship with Trans-Changi should be to create benefits to both…
A: Meaning of Trade: The term trade refers to the situation under which the products and goods are…
Q: A utility company is closely monitoring a new set of federal guidelines recently passed by the EPA…
A: Technological environment refers to the state of the science and technology in the country and…
Q: Intergovernmental relations (IGRs) are so crucial for local governments in political,…
A: The Intergovernmental Relations department works with other municipal agencies to examine various…
Q: What is your assessment of Starbuck’s commitment to stakeholders and social responsibility?
A: Starbucks is one of the most popular coffee company in the world. Company always aware of the…
Q: The EPA determined the presence of a public health and ecological damage externality cost in dollars…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: A construction company has to sell at least X1 from one type of equipment(E1) and can be sold…
A: Given Total Working Hours = 960 hours E1 requires 3 hours of workmanship E2 requires 2 hours of…
Q: Choose one of the following examples relating to the use of ethical analysis: budgets for family…
A: Ethical analysis is a method for determining the correct moral judgement in a given scenario. It can…
Q: Recently, the use of Liability Laws is common, hot only in Canada but around the world. Cite at…
A: The liability means the debt is more and the assets are less. It means the bank has an overdraft…
Q: Drawing on John Rawls’s concept of the veil of ignorance, develop an ethical code that will (a)…
A:
Q: Is the Benefit-cost analysis a decision-making tool for systematically developing useful information…
A: A Benefit-cost analysis is a process of evaluating prospective costs and benefits of any project…
Note: either of (c) or (d) have to be answered, not both, so it is still total 3 parts.
Step by step
Solved in 2 steps with 1 images
- Roughly ten percent of elementary schools in California have a system whereby 4th to 6th graders share a common classroom and a single teacher (multi-age, multi- m grade classroom). Suggest an experimental design that would allow you to assess the effect of learning in this environment. Mention some of the threats to internal and external validity and how you would attempt to circumvent these.Coase theorem encourages bargaining for externalities Select One: a) None of the answers is correct b) Where property ownership is not clearly defined c) All the answers are correct d) The bargaining costs are negligible e) The number of people involved is largeHelllo can you please help me with this question thank you, There are two polluters in the region, Firm 1 is currently emitting 100 units of pollution and Firm 2 is currently emitting 120 units of pollution for a total of 220 units of pollution in the region. The government wants to reduce total pollution by 80 units. For simplicity, ignore enforcement costs. The total and marginal abatement costs of each polluter are as follows: TAC1 = A1+1.5A12 TAC2 = 3A2 + A22 MAC1 = 1 + 3A1 MAC2 = 3+2A2 Suppose each firm is issued the same (equal) number of pollution permits designed in total to achieve the 80-unit reduction. What is the equilibrium quantity of abatement by firm 2? Question 10 options: 32.4 40 120 47.6
- Which is true of the CERCLA legal framework and corresponding economics? The plaintiff can claim compensation for damages based on the difference between a pristine environmental condition, and the polluted conditions b. The burden of proof is on the defendent c. The cost of restoration is always used to estimate damages d. None of the above are correct* Question Completion Status: What is Coase theorem? What criticism is directed to its real world application? How is it significant to the understanding of social conflicts caused by externalities?3 How does a chronic health condition diabetes, raise premiums? If you don't control your chronic condition, what are the costs to you? What are the costs to others? Does your behavior, ie, not controlling your chronic condition, mean you are imposing an externality on other people? Why or why not? Your responses should be original in nature and not copied from an online source. If you gather information through research, you must appropriately cite the source in APA format.
- Answer the following questions for the given example: Using water pumps in homes (a) Does an externality exist? If so, is it positive/negative (or both) (b) Use Coase’s framework to identify the cause of the externality (c) If an externality exists, determine whether the Coase theorem applies (i.e. is it possible/feasible to assign property rights and solve the problem?). Provide reasoning. (d) If an externality exists and the Coase theorem does not apply, discuss a government/institutional solution that can mitigate the problem of externality. Provide reasoning.Question 4:Q4 a) Why do externalities lead to inefficient outcomes? Explain why allocating propertyrights might help solve this problem. Q4 b) In what real-world circumstances might this approach be easier to implement andwhy?You will find below Exercise No. 1. You are expected to accomplish the exercises preferably in your own words. Do practice proper citation if you are getting information from the internet (APA citation style). In submitting, indicate your Last Name, First Name_sectionAssign#1 Exercise No. 1 Compare and contrast the different intellectual property rights in terms of the following criterion: (1) definition (2) criteria (3) years of protection (4) advantage (5) disadvantage Intellectual Property Right 1. Patent Right 2. Utility Model Right 3. Copyright 4. Design Right 5. Trademark Right Definition Criteria Years of Protection Intellectual Property Right 1. Patent Right 2. Utility Model Right 3. Copyright 4. Design Right 5. Trademark Right Advantage Disadvantage
- (a) A magician recorded his magic show and broadcast it freely in internet. How would you classify the show with reference to rivalrous and excludability? (b) There are two online magic show enthusiasts, A and B in the market. Their demand functions are QA = 5 – 0.25PA and QB = 15 – 0.5PB respectively. Explain the method to obtain the market demand function for magic show which are freely available online. (c) Draw the marginal social benefit curve for online magic show. (d) If a magician produces magic show and broadcast online to both individuals at a constant marginal cost of $20, what is the market equilibrium quantity and price of online magic shows?(a) The International Monetary Fund (IMF) has responded to the coronavirus crisis with unprecedented speed and magnitude of financial assistance to member countries, especially to protect the most vulnerable and set the stage for inclusive and sustainable recovery. According to IMF Managing Director Kristalina Georgieva in her speech mention "The global economy is on a firmer footing as millions of people benefit from vaccines. But while the recovery is underway, too many countries are falling behind and economic inequality is worsening. Strong policy action is needed to give everyone a fair a shot in the arm to end the pandemic everywhere, and a shot at a better future for vulnerable people and countries." In this trying time, the IMF continues to support countries on the path to recovery by providing policy advice, financial support, capacity development, and debt relief for the poorest. (Sourced by World Bank annual meeting Statement) Based on the statement above, discuss the types…A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeling buildings, to make the campus more aesthetically pleasing. For the students of the college, the visual appearance of the campus isnonrival andnonexcludable . Thus, the visual appearance would be classified as a public good. Suppose the college administrators estimate that the beautification initiative will cost $61,110. To decide whether the initiative should be undertaken, administrators conduct a survey of the college's 2,240 students, asking each of them their willingness to pay for the beautification project. The average willingness to pay, as revealed by the survey, is $20. The benefit of the beautification initiative, as suggested by the survey, is . Because the estimated benefit is than the cost, the college administrators undertake the beautification initiative. The calculation of the benefit of…