4. When handling insects, knowing where the pests are thickest can help save on insecticideusage. But scounting for bugs also comes at a price. Determine the appropriate blendof insect scouting and insecticide to manage your insect issues on the farm. Completethe following worksheet considering the different strategies for soybean production andanswer the accompanying questions. The price of insect scouting is $30 per hour andinsecticide is $6 per quart.StrategyScounting (hours)Insecticide (quarts) Input Substitution Ratio Input Price Ratio1,2004060080300D.120120(a) What economic question/opportunity does this address? What is the appropriatedecision rule for input substitution? What does that rule to seek to achieve (be morespecific than saying "profit maximization")?(b) What is the profit maximizing strategy? What is the cost associated with thatstrategy?(c) Explain how the input price ratio will change if both input prices decrease from theinitial scenario by 10%? How will this impact your strategy choice?

Input substitution ratio is calculated using the formula : Input Substitution Ratio(ISR) = Amount of…

Answered: 4. When handling insects, knowing where…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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D. Pollution problem You know the marginal cost of reducing pollution for four factories. Each unit of pollution can be eliminated according to the following marginal costs. A B C D First Unit $65 $15 $30 $10 Second Unit $75 $55 $65 $30 Third Unit $85 $85 $110 $40 Fourth Unit $120 $155 $120 $60 1. The total cost of Firm D eliminating 4 units of pollution 2. Determine the total cost of each firm eliminating one unit of production. 3. The community has decided that the managers of the firms are allowed to produce a total of 4 units of production. Identify the firm(s) that will pollute.
Define and explain the term "ethical dilemma"? Cite an example.
6-It is illegal and unethical to download and install a pirated copy of Microsoft Office on your own laptop. Select one : True O False
Solve question 19 give reason for correct option and reasons for incorrect options. Don't upload any graph or image. Hand written solutions are strictly prohibited
500 450 The graph on the right may help in answering question 25 400 350 300 250 200 150 100 50 O 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 Quantity Demand MC Exter nality MC private MC Social A competitive tire manufacturing industry spews emissions into the air at47 per tire a marginal cost of 1.5-q, where q is the quantity of tires produced per month (in thousands). The industry marginal cost, excluding the cost of emissions (private marginal cost), is 4 + 4•q, expressed in $ per tire. The inverse demand curve for tires is p = 480 - 3-q, also expressed in $ per tire. In order to achieve the socially efficient level of tire production, which takes into account the optimal level of air pollution, the government levies a tax on the industry. What is the efficient pollution tax? $84 per tire $101 per tire $152 per tire Price
Please note that the red line is marginal cleanup cost
Mr permise states I do not understand why anyone would suggest the use of taxes or regulations in pollution problems. Taxes are unfair and regulations are costly and inefficient. The best approach is to trust the market. Firms will control their emissons because it is cost effective for them to do so. The only policy they may need to applied is the use of market permits. Thismarket would function completely and permit prices would clearly represent all revlevant costs Discuss this statement
4. Which type of barrier to entry corresponds to each of the scenarios below. Explain why you chose this answer." Question 8 b) You want to develop a Round-up resistant turfgrass.
4.00 3.50 3.00 2.50 2.00 1.50 1.00 D. 0.50 1. 6. 8. 6. 10 11 12 13 14 15 Quantity (thousands of dozens per month) At a price of $1.50 per dozen, how many bagels are supplied per month? 5. 4. 3. 2. Price per dozen bagels
13. A construction crew (that is currently unemployed and receiving $10/hr. in benefits) to fix a road. The cement is purchased from a rip-off monopolist that charges $10/bag more than anyone else. The cost estimate provided by the contractor's accountant is given in the table below: Price Quantity 1,000 hours 500 ITEM Labor Cement Project Total The opportunity cost of the project is A) $45,000. B) $40,000. C) $35,000 D) $30,000. E) $1.414 Wage $20/hour $50 Total $20,000 $25,000 $45,000
2. Rewrite the Literature for your Research by referring to the mentioned paper, this canbe a part of your literature study. Imagine you wanted to work with the followingresearch question: “In India, which factors motivate the vendors (running small/ microfirms) to utilize WhatsApp?”.Instruction: Imagine yourself working on the above research, and refer the mentionedpaper as a major part of your literature study. Cite most of the past researchesmentioned in this paper and prepare a literature write-up not exceeding 1000 words.Make sure your literature write-up is aligned with the research question mentionedabove. For more information about any research that has been referred by Modak andMupepi, you may download it using NMIMS digital Library.
1. Visualize a diagrammatic situation involving the infant industry argument.

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