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Explain how the following oil pollution measures can reduce oil pollution a) Load on top b)...
3.5. (a) Exp (b) Explain briefly what measures can be taken to reduce or eliminate the...
3.5. (a) Exp (b) Explain briefly what measures can be taken to reduce or eliminate the effect of modifying inputs.
3. Of the following means of transporting crude oil which one is used more extensively to...
3. Of the following means of transporting crude oil which one is used more extensively to move oil in the U.S.? a. Tankers d. Tank trucks b. Barges e. Railroad tank cars c. Pipeline 4. Which of the following processes added to the gasoline obtained per barrel of crude oil? a. Fractional distillation b. Cracking c. None of the above
Suppose that the Congress and the president decide that the United States should reduce air pollution...
Suppose that the Congress and the president decide that the United States should reduce air pollution by reducing its use of gasoline. They impose a $0.50 tax for each gallon of gasoline sold. a. Should they impose this tax on producers or consumers? Explain by using a supply and demand diagram. (5 pts) b. If the demand for gasoline were more elastic, would this tax be more or less effective in reducing the quantity of gasoline consumed? Explain with both...
Suppose the government wants to reduce the total pollution emitted by three firms in its area
Suppose the government wants to reduce the total pollution emitted by three firms in its area. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollution units. The government wants to reduce total pollution in the area to 6 units. In order to do so the government can choose between two methods: Under method 1, the governments sets pollution standards, whereas under method 2, the government allocated tradable pollution permits, Let’s compare...
Text questions By some water there are two factories, A and B, that pollute. The cost of reducing pollution at factory...
Text questions By some water there are two factories, A and B, that pollute. The cost of reducing pollution at factory A is higher than at factory B, but the government does not know what the cost is. The pollution at each factory amounts to 100 tonnes per year. The government wants to reduce pollution by 100 tonnes a year. Which of the following is wrong? Choose one: a. By allocating pollution permits, it is possible to ensure that pollution...
1. How can/do YOU reduce the amount of waste and pollution that you create? In other...
1. How can/do YOU reduce the amount of waste and pollution that you create? In other words, describe 3 things that you can do/already do to reduce, reuse and recycle more. 2. The City of Phoenix recently started a program called "Save as You Reduce and Recycle", in which families are charged less for waste services (i.e., removal of their solid waste) if they opt to have a smaller trash can, as shown in the first video below. ( You...
Nature can play a large role in removing pollution from the environment. For example, oil-eating microbes...
Nature can play a large role in removing pollution from the environment. For example, oil-eating microbes were used to help clean up the 2010 oil spill in the Gulf of Mexico C. Suppose that ten tons of pollutants are dumped into a bay, and that microbes remove 20% of the pollutants in the bay each day. Let an denote the number of tons of pollutants in the bay on day n. That is, ai 10, a2 = 10(0.8) and so...
Please clearly explain how the answer is d The following table shows the marginal costs for...
Please clearly explain how the answer is d
The following table shows the marginal costs for each of four firms (A, B, C, and D) to eliminate units of pollution from their production processes. For example, for Firm A to eliminate one unit of pollution, it would cost S54, and for Firm A to eliminate a second unit of pollution it would cost an additional $67. Firm Unit to be First unit Second unit 54 67 82 107 62 57...
19. Which of the following is not a negative externality? a. air pollution. b. high oil...
19. Which of the following is not a negative externality? a. air pollution. b. high oil prices. c. clear-cutting in forests. d. litter. 20. Which of the following types of goods is least likely to be provided by the market? a. a good that is rival in consumption and for which exclusion is possible. b. a good that is nonrival in consumption and for which exclusion is possible. c. a good that is nonrival in consumption and for which exclusion...
Joulutet 3. Assume that a firm has the following marginal benefit of pollution (denoted E for...
Joulutet 3. Assume that a firm has the following marginal benefit of pollution (denoted E for emissions, measured in tons): MB=150-5 E e. Now assume that instead the government allocates each firm permits to pollute equal to the total current pollution minus 12 tons, but allows the firms to trade. Which firm will purchase permits and which firm will sell permits? Hint: Notice that total pollution reduction of firm 1 plus firm 2 will be 24 tons. f. How much...
3.5. (a) Exp (b) Explain briefly what measures can be taken to reduce or eliminate the effect of modifying inputs.
3. Of the following means of transporting crude oil which one is used more extensively to move oil in the U.S.? a. Tankers d. Tank trucks b. Barges e. Railroad tank cars c. Pipeline 4. Which of the following processes added to the gasoline obtained per barrel of crude oil? a. Fractional distillation b. Cracking c. None of the above
Suppose that the Congress and the president decide that the United States should reduce air pollution by reducing its use of gasoline. They impose a $0.50 tax for each gallon of gasoline sold. a. Should they impose this tax on producers or consumers? Explain by using a supply and demand diagram. (5 pts) b. If the demand for gasoline were more elastic, would this tax be more or less effective in reducing the quantity of gasoline consumed? Explain with both...
Text questions By some water there are two factories, A and B, that pollute. The cost of reducing pollution at factory A is higher than at factory B, but the government does not know what the cost is. The pollution at each factory amounts to 100 tonnes per year. The government wants to reduce pollution by 100 tonnes a year. Which of the following is wrong? Choose one: a. By allocating pollution permits, it is possible to ensure that pollution...
Nature can play a large role in removing pollution from the environment. For example, oil-eating microbes were used to help clean up the 2010 oil spill in the Gulf of Mexico C. Suppose that ten tons of pollutants are dumped into a bay, and that microbes remove 20% of the pollutants in the bay each day. Let an denote the number of tons of pollutants in the bay on day n. That is, ai 10, a2 = 10(0.8) and so...
Please clearly explain how the answer is d
The following table shows the marginal costs for each of four firms (A, B, C, and D) to eliminate units of pollution from their production processes. For example, for Firm A to eliminate one unit of pollution, it would cost S54, and for Firm A to eliminate a second unit of pollution it would cost an additional $67. Firm Unit to be First unit Second unit 54 67 82 107 62 57...
Joulutet 3. Assume that a firm has the following marginal benefit of pollution (denoted E for emissions, measured in tons): MB=150-5 E e. Now assume that instead the government allocates each firm permits to pollute equal to the total current pollution minus 12 tons, but allows the firms to trade. Which firm will purchase permits and which firm will sell permits? Hint: Notice that total pollution reduction of firm 1 plus firm 2 will be 24 tons. f. How much...
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