Question 11. Rhinoceroses are an endangered species. Worldwide, the number of rhinos has decreased 90 percent in the past 50 years, to about 29,000. Since 1977, CITES has had ban on international trade in rhino parts. The most valuable part of a rhino is its horn. which can be sold for prices that have risen as high as $100,000 per kilogram. Given the very high price, illegal poaching, in which rhinos are killed for their horns, has increased rapidly Interestingly, if done properly, the horn of a rhino can be harvested without kill- ing the rhino, and the horn will grow back. What challenges does CITES face in attempting to prevent international trade from contributing to the extinction of the rhino?

The highest price customers are willing to pay is called the price. (Enter only one word per blank.)

Describe the creation of the Endangered Species Act of 1973.

Why is commercial fishing a more important industry in Canada than its employment numbers would suggest it should be?

If all consumers became vegetarians, what impacts would this have on the meat industry and animal population?

Which externality is the most threatening when it comes to pig farming?

The domestic supply and demand curves for hula beans are as follows: P = 50 + Q (supply) and P = 200 – Q (demand) where P is the price in cents per pound and Q is the quantity in millions of pounds. Ireland is a small producer in this market where the current price is 60 cents per pound. The Irish Government is considering a tariff of 40 cents per pound. The quantity of hula beans imported into Ireland after the tariff is A. 100B. 50C. 130D. 90

warten population manghe ecosystem's Carrying capacity? 6. We have the following data for Demand Price and Costs for our product. Quantity Demand Price Costs 300 100 $21.63 $35.35 $5040.00 $2347.67 500 $17.25 $7481.67 1000 $12.70 $12469.67 1500 $10.26 $16196.00 We have reason to believe that the Demand Price is a power (exponential) function of some kind. Our Cost function is close to linear, but we expect, from some market analysis, that it is in fact quadratic. Approximate this data with a Demand Price function and a Cost function. Explain how confident you are; that is, how much error do you think is reasonable in this type of scenario? 区

price 100 90 MPC-MSC 80 70 30,67.5 60 40,60) 50 30,45) 40 40,37.5) MSB 30 20 10 MPB 10 20 30 40 50 60 70 80 90 100 quantity of trees (thousands) Trees planted in urban areas improve air quality, reduce soil erosion, and moderate temperatures in hot cities. The figure depicts the market for trees planted in Tempe, Arizona. What is the value of the deadweight loss if the market is unregulated? To review this concept, see the section Positive Externalities. 100 50 225 112.5

Table 17-5.  Imagine a small town in which only two residents, Kunal and Naj, own wells that produce safe drinking water. Each week Kunal and Naj work together to decide how many gallons of water to pump, to bring the water to town, and to sell it at whatever price the market will bear. Assume Kunal and Naj can pump as much water as they want without cost so that the marginal cost of water equals zero.The weekly town demand schedule and total revenue schedule for water are shown in the table below.   WeeklyQuantity(in gallons) Price WeeklyTotal Revenue(and Total Profit) 0 $12 $ 0 25 11 275 50 10 500 75 9 675 100 8 800 125 7 875 150 6 900 175 5 875 200 4 800 225 3 675 250 2 500 275 1 275 300 0 0       Refer to Table 17-5.  Since Kunal and Naj operate as a profit-maximizing monopoly in the market for water, what price will they charge for water? Group of answer choices…