Homework Answers
True.
externality is defined as the consumption or production done by
any party, which effects the third party also is called
externality.
There can be two types of externality. Both negative and
positive.
A positive externality is when marginal social benefit is more than
private benefits.
a negative externality is when social cost is more than private
cost.
As shown above, externality is an automatic process. In simple
words, if there is any consumer or production of any good and
services by any individual or firm is being consumed or produced.
then these externality will come into existence
automatically.
Now, if tax is imposed to charge the social cost from the producer
then this tax revenue is to full compensate the residents who are
fully affected by the pollution.
Add Answer to:
Suppose that the production of energy causes air pollution in Smalltown, and adverse health effects to...
Suppose the production of pork products in southeastern NC causes pollution in rivers and streams. This...
Suppose the production of pork products in southeastern NC causes pollution in rivers and streams. This pollution imposes costs on residents in the form of adverse effects on human and environmental health and reductions in property values. If this pollution is unregulated, which of the following is true regarding the market for pork products? Pork products will be over-produced and over-priced relative to the efficient price and quantity. O Pork products will be under-produced and over-priced relative to the efficient...
The effects of property rights on achieving efficiency 5. The effects of property rights on achieving...
The effects of property rights on achieving efficiency
5. The effects of property rights on achieving efficiency Consider a lake found in the town of Center Barnstead, and then answer the questions that follow. The town has a resort whose visitors use the lake for recreation. The town also has a fish cannery that dumps industrial waste into the lake. This pollutes the lake and makes it a less desirable vacation destination. That is, the fish cannery's waste decreases the...
Question 12 pts The sources of air pollution are usually discussed under which of the two...
Question 12 pts The sources of air pollution are usually discussed under which of the two following categories? Mobile source Non-point source Point source Stationary source Flag this Question Question 21 pts Burning coal is a leading cause of the release of which toxic substance? Mercury CO2 Ozone Endocrine disruptors Flag this Question Question 31 pts In the human body, carbon monoxide (CO) _______________. binds to hemoglobin, displacing oxygen compromises the body's defenses against airborne particulates concentrates in the thyroid,...
7. The effects of property rights on achieving efficiency Consider a lake found in the village...
7. The effects of property rights on achieving efficiency Consider a lake found in the village of Sturbridge, and then answer the questions that follow. The village has a resort whose visitors use the lake for recreation. The village also has a tannery that dumps industrial waste into the lake. This pollutes the lake and makes it a less desirable vacation destination. That is, the tannery's waste decreases the resort's economic profit. Suppose that the tannery could use a different...
13. The effects of property rights on achieving efficiency Consider a lake found in the town...
13. The effects of property rights on achieving efficiency Consider a lake found in the town of Center Barnstead, and then answer the questions that follow. The town has a hiking lodge whose visitors use the lake for recreation. The town also has a tannery that dumps industrial waste into the lake. This pollutes the lake and makes it a less desirable vacation destination. That is, the tannery's waste decreases the hiking lodge's economic profit. Suppose that the tannery could...
8. The effects of property rights on achieving efficiency Consider a lake found in the town...
8. The effects of property rights on achieving efficiency Consider a lake found in the town of Center Barnstead, and then answer the questions that follow. The town has a resort whose visitors use the lake for recreation. The town also has a research lab that dumps industrial waste into the lake. This pollutes the lake and makes it a less desirable vacation destination. That is, the research lab's waste decreases the resort's economic profit. Suppose that the research lab...
fill in the blanks) 1) "production method is 'not used/used" 2) "the fish cannery will 'not...
fill in the blanks)
1) "production method is 'not used/used"
2) "the fish cannery will 'not use/use"
3) "pay the campground '0$/between 0-300$/between
300-700$/between 700-1000$"
4) "no cost, the fish cannery will 'not use/use"
5) "the most economic profit when ' the fish cannery has
property rights to pollute the river/ it has property rights to a
clean river."
8. The effects of property rights on achieving efficiency Consider a river found in the city of Philadelphia, and then answer...
8. The effects of property rights on achieving efficiency Consider a river found in the city...
8. The effects of property rights on achieving efficiency Consider a river found in the city of Philadelphia, and then answer the questions that follow. The city has a hiking lodge whose visitors use the river for recreation. The city also has a fish cannery that dumps industrial waste into the river. This pollutes the river and makes it a less desirable vacation destination. That is, the fish cannery's waste decreases the hiking lodge's economic profit. Suppose that the fish...
QUESTION 3 The textbook discusses 3 types of environmental degradation affecting the environment. Below, please match...
QUESTION 3 The textbook discusses 3 types of environmental degradation affecting the environment. Below, please match each type of degradation discussed to the type of consequence suggested in the textbook. (Answer based on what the book says, not based on your personal opinion.) Air pollution A., is killinig humans 8,..isklin the earth Land poliution Water pollution address chiticar Watel Air Pollution Air pollution occurs when the release of materials to the atmosphere cannot be safelv disposed of by natural processes....
Problem Set 2. Market Failure: Externalities and Common Pool Resources EconS 326 1. Cigarette production requires...
Problem Set 2. Market Failure: Externalities and Common Pool Resources EconS 326 1. Cigarette production requires use of energy, water and other resources. When planting tobacco leaves, fertilizer is used that creates runoff and water pollution in waterways. Tobacco smoke pollutes indoor and outdoor environments and remains a pervasive and persistent source of toxicants long after the cigarette is extinguished. a. Is there too little, too much or the correct amount of cigarette produced or consumed from a socially optimal...
Suppose the production of pork products in southeastern NC causes pollution in rivers and streams. This pollution imposes costs on residents in the form of adverse effects on human and environmental health and reductions in property values. If this pollution is unregulated, which of the following is true regarding the market for pork products? Pork products will be over-produced and over-priced relative to the efficient price and quantity. O Pork products will be under-produced and over-priced relative to the efficient...
The effects of property rights on achieving efficiency
5. The effects of property rights on achieving efficiency Consider a lake found in the town of Center Barnstead, and then answer the questions that follow. The town has a resort whose visitors use the lake for recreation. The town also has a fish cannery that dumps industrial waste into the lake. This pollutes the lake and makes it a less desirable vacation destination. That is, the fish cannery's waste decreases the...
7. The effects of property rights on achieving efficiency Consider a lake found in the village of Sturbridge, and then answer the questions that follow. The village has a resort whose visitors use the lake for recreation. The village also has a tannery that dumps industrial waste into the lake. This pollutes the lake and makes it a less desirable vacation destination. That is, the tannery's waste decreases the resort's economic profit. Suppose that the tannery could use a different...
13. The effects of property rights on achieving efficiency Consider a lake found in the town of Center Barnstead, and then answer the questions that follow. The town has a hiking lodge whose visitors use the lake for recreation. The town also has a tannery that dumps industrial waste into the lake. This pollutes the lake and makes it a less desirable vacation destination. That is, the tannery's waste decreases the hiking lodge's economic profit. Suppose that the tannery could...
8. The effects of property rights on achieving efficiency Consider a lake found in the town of Center Barnstead, and then answer the questions that follow. The town has a resort whose visitors use the lake for recreation. The town also has a research lab that dumps industrial waste into the lake. This pollutes the lake and makes it a less desirable vacation destination. That is, the research lab's waste decreases the resort's economic profit. Suppose that the research lab...
fill in the blanks)
1) "production method is 'not used/used"
2) "the fish cannery will 'not use/use"
3) "pay the campground '0$/between 0-300$/between
300-700$/between 700-1000$"
4) "no cost, the fish cannery will 'not use/use"
5) "the most economic profit when ' the fish cannery has
property rights to pollute the river/ it has property rights to a
clean river."
8. The effects of property rights on achieving efficiency Consider a river found in the city of Philadelphia, and then answer...
8. The effects of property rights on achieving efficiency Consider a river found in the city of Philadelphia, and then answer the questions that follow. The city has a hiking lodge whose visitors use the river for recreation. The city also has a fish cannery that dumps industrial waste into the river. This pollutes the river and makes it a less desirable vacation destination. That is, the fish cannery's waste decreases the hiking lodge's economic profit. Suppose that the fish...
QUESTION 3 The textbook discusses 3 types of environmental degradation affecting the environment. Below, please match each type of degradation discussed to the type of consequence suggested in the textbook. (Answer based on what the book says, not based on your personal opinion.) Air pollution A., is killinig humans 8,..isklin the earth Land poliution Water pollution address chiticar Watel Air Pollution Air pollution occurs when the release of materials to the atmosphere cannot be safelv disposed of by natural processes....
Problem Set 2. Market Failure: Externalities and Common Pool Resources EconS 326 1. Cigarette production requires use of energy, water and other resources. When planting tobacco leaves, fertilizer is used that creates runoff and water pollution in waterways. Tobacco smoke pollutes indoor and outdoor environments and remains a pervasive and persistent source of toxicants long after the cigarette is extinguished. a. Is there too little, too much or the correct amount of cigarette produced or consumed from a socially optimal...
Most questions answered within 3 hours.
-
A soft drink machine outputs a mean of 25 ounces per cup. The
machine's output is...
asked 31 seconds from now -
What is the distance run by a runner 50m/hr and
60m/hr?
asked 30 minutes ago -
Write a descendant selector rule that affects the <em>
element that is contained within the
<p>...
asked 38 minutes ago -
The management of an electrical manufacturing plant determined
that the mean life of their 10 watt...
asked 40 minutes ago -
On January 1, Year 1, Prairie Enterprises purchased a parcel of
land for $13,100 cash. At...
asked 1 hour ago -
Question 4: (3 marks)
On a recent PE-sponsored adventure education program, students
went hiking at Devil's...
asked 1 hour ago -
Programming in C#
Create a Money class that has as data members dollars and cents.
Include...
asked 1 hour ago -
A research associate working for Intragene Therapeutics prepares
an investigative PCR reaction to screen human tissue...
asked 1 hour ago -
Calculate the mass of sodium benzoate, NaC6H5COO, that must be
added to 500.0mL of 0.100 M...
asked 1 hour ago -
Four transactions are presently running: (The abbreviation R(A)
means Read(A), and so on)
• T1: R(A),R(B),R(J),W(A),W(B),R(D),R(E),R(G)...
asked 1 hour ago -
A study regarding the relationship between age and the amount of
pressure sales personnel feel in...
asked 1 hour ago -
A 2014 Pew study found that the average US Facebook user has 338
friends. The study...
asked 2 hours ago