Private property rigthts can contribute to social welfare because a) owners incur a cost when they misuse or abuse their property b) owners gain when they improve the property c) owners are forced to only consider the public good when they use their property d) A and B e) B and C

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: If a Pigouvian tax is used to reduce carbon emissions, it must be set to be equal to 1. the private…

A: A Pigouvian tax is a type of government tax on any market activity that creates negative…

Q: A public service official is appraising a project proposal for a project to be done by a domestic…

A: Given, Benefits cost- $3000 Market Cost- $1550 Tax- $700

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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: Because of the problem of second-hand smoke, if unregulated, the market for cigarettes would produce…

A: The cigarettes cause negative externality in the market. If there is negative externality exists in…

Q: A global-positioning anti-theft device installed by one car owner can produce a positive spillover…

A: (i) The positive spillover due to the use of the global-positioning anti-theft device installed by…

Q: Number in herd Annual crop loss Crop loss per additional steer (Steers) (Tons) (Tons) 1 2 2 3 4 10 4…

A: Given information Price of selling output=$3.5 per steer Cost of crop damage is $1 ton Number of…

Q: A public park A B C D is an example of a public good with no free riders. cannot be enjoyed by…

A: Ans. A public good is a good that is non-excludable and non-rivalrous.      a) Non- excludable -…

Q: pizza, share all the pizzas and split the total cost evenly. A Tragedy of the Commons problem is…

A: Option (1).

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

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Q: Radio (at least terrestrial radio) can be considered a public good. How can such a radio station…

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Q: The value added of a producer is the O value of its total sales once externalities are accounted…

A: Answer- Need to find- The value-added of a producer is the  Evaluating the options- 1. Value of its…

Q: Why is the presentaion of corparate results increasingly accompanied by the presentation of a…

A: As we know that production is needed for completion of our daily life demand or for money . But…

Q: In a neighborhood, guest parking has its own area. Some families have more cars than what can fit in…

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

Q: A global-positioning anti-theft device installed by one car owner can produce a positive spillover…

A: We are going to use Marginal benefit- Marginal Cost analysis to answer this question.

Q: Explain why each is or is not a pure public good. Where applicable, note instances where the good is…

A: Public goods are those which are non-excludable and non-rival. It means the goods are common for all…

Q: . Exhibit 17-8 represents the consumer market for higher education. Exhibit 17-8 dollars per year…

A: We have the following information-

Q: National defense is an example of a public good because a. it requires tax revenues to fund any…

A: National defense is a public good because it provide protection to everyone in the nation.

Q: If the market allocation is efficient, then: A.The marginal private cost equals the marginal social…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: urope, Southern Europe and the United Kingdom. Each region had three technologies to abate. The…

A:

Q: Compare and contrast private and public goods. Explain how the characteristics of a public good lend…

A: Answer to the question is as follows:

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Q: The government auctions off 500 units of pollution rights. They sell for 50 dollars per unit,…

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Q: Social cost associated with a community owned resource can be internalized if a) the state imposes…

A:

Q: discuss in detail the nature of production, profit and costs within the public sector

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A: Answer: Let us first draw the social cost curve to find the socially optimal quantity. According to…

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A: OPTION C - Private Costs The costs of an economic activity borne by the producers are his or her own…

Q: Production Costs inflicted upon a third party are negative externalities. These can be corrected b…

A: Externalities refer to the costs or benefits of an economic transaction, incurred by a third party…

Q: Assume the following: A community, Manatee, has a small groundwater aquifer, with water to allocate…

A: Water resources are known as scarce resource. Here water is non-renewal resource which needs to…

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: Refrigerator producers use CFC in production which has a number of external costs. Specifically, CFC…

A: Refrigerator producers use CFC in production which has a number of external costs. Specifically, CFC…

Q: Your neighbor has a tree that blocks your view of a distant hill. Your neighbor values the tree at…

A: The tree that the neighbor has planted is blocking the view so it creates negative externality which…

Q: A global-positioning anti-theft device installed by one car owner can produce a positive spillover…

A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Question 1 A global-positioning anti-theft device installed by one car owner can produce a positive…

A: Positive externality refers to the situation where the third party who does not involve in the…

Q: b. Education received by one person also benefits that person's family and neighbors. Make an…

A: Education is a positive externality which means MSB(marginal social benefit) is larger than…

Q: Two example of public property.

A: Those property which are dedicated towards the utilisation and benefits of public and has exclusive…

Q: Free markets___ 0. always fail to produce the optimal quantity and/or price 0. can fail to provide…

A: Equilibrium is achieved at the output level where Qs equals Qd

Q: A large supermarket applied to build on land which was in an area of natural beauty. The local…

A: a)External cost is also known as externalities. It is the cost of the uncompensated environmental…

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: A global-positioning anti-theft device installed by one car owner can produce a positive spillover…

A: A spillover, in economics, refers to an event that is caused by a seemingly unrelated event. In…

Q: The government has decided to impose a pollution tax on coal burning power plants in an attempt to…

A: please find the answer below.

Q: A policy is cost-effective if it O results in the lowest environmental expenditures O has the…

A: Cost-Effective: The lowest possible cost to produce the commodity is called cost effective. For…

Q: (h) A pollutant should be banned if its marginal damage curve is everywhere above its marginal…

A: b) Pollutants should be banned if its marginal damage curve is everywhere above its marginal…

Explicit and Implicit Cost Analysis

The entire idea of the cost of production or production cost is applied corresponding or we can say that it is related to money cost. Money cost refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factors of production or factor services.