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Chase rides his bike to work.
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Bill keeps his cell phone charger plugged in when he goes to work.
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Lydia uses fertilizer instead of pesticides on plants.
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Michelle's furniture company burns trees instead of cutting them down.
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- Discuss two ideas on how environmental challenges can create business opportunities use your words Use the editor to format your answerSee attached regarding an environmental issue. I chose pollutants from boats in the ocean.Write key points highlighted on the three dimensions of Sustainability on the graphic organizer
- Suppose you are in charge of snow removal in your community and you are trying to figure out if you should clear snow on a street. You survey the 20 people that live on that street who say they they each value having snow cleared on their street at $50 per year. The snow removal only costs $600 per year so you hire a snow plow and clear the snow that winter. When you ask for donations to pay for the snow removal you only receive $80. What does this result show? a The people on that street were free-riders. b The snow removal suffered from the Tragedy of the Commons problems. c The snow removal cost must have been greater than their economic benefit. d You must have overestimated the value of a fireworks show. Please suggest me right answer with explanationWhat is a resource that you share with your family or neighbors? Is it being over-consumed? And if not, what is preventing people from over-consuming it?Functions of the Environment
- What’s the difference between an estate agents, environmental economist and custom success manager?What are the ways by which you either contribute to the conservation of natural resources or participate in activities that lead to their destruction.Please solve part d,e and f!!! Three roommates, Jim, Saleem, and Ritesh, are thinking about buying a new speaker system for their apartment. The speaker system would be a public good if they buy them, and the total cost would be $300 which would be shared equally among the three. Jim values it at $80, Saleem values it at $140, and Ritesh values it at $70. If the speakers are purchased each person gets a payoff equal to their net valuation (valuation minus cost share); if they are not purchased each gets zero payoff. a)Is it socially efficient that they buy the speaker system? With reference to the definition of a public good, why or why not? The roommates decide that they will write down their net valuations, and if these reports sum to more than zero, they will buy the TV (sharing the cost equally), or else they will not. b) If all were to report their true valuations, what payoff would each agent earn? c) Show that if Jim and Ritesh submit their true net valuation, then Saleem does…