What did the National Environmental Policy Act accomplish? Briefly describe the origin and mission of the U.S. Environmental Protection Agency.

Suppose households do not care much for better environmental quality. Use the demand & supply model for urban labor to illustrate what happens to total employment (L) when a tax is imposed on firms to internalize the negative externalities of pollution. Briefly discuss.

What are the four core concepts of environmental economics?  Briefly discuss each concept.

come up with your own example of positive externality and then another example of negative externality. Briefly explain why they can be considered externalities.

The graph illustrates the unregulated market for pesticide. When the factories produce pesticide, they also create waste which they dump into a lake on the outskirts of a small town. The marginal external cost of the dumped waste is equal to the marginal private cost of producing pesticide (that is, the marginal social cost of producing the pesticide is double the marginal private cost). If the pesticide factories own the lake, how much pesticide is produced? If the pesticide factories own the lake, the quantity of pesticide produced is tons a week. 1080- 960- 840- 720- 600- 480- 360- 240- 120- 0+ 0 Price and cost (dollars per ton) 30 S 120 D 60 90 Quantity (tons per week) >>> Draw only the objects specified in the question. Q Q 150