Please provide steps by step answer with proper explanation with final answer....... 7. Problems and Applications Q1Consider two types of cars: gasoline-powered cars and electric cars.Because conventional gasoline-powered cars burn fuel during their operation, people who drive gasoline-powered cars impose athose who drive gasoline-powered cars.externality on the society. A policy implication of this result is aMost electric cars use lithium batteries to operate. Because of the potential environmental impacts of lithium extraction, producers of electric carsimpose aexternality on society. A policy implication of this result is athose who produce electric cars that use lithiumbatteries.

Due to the fact that they contribute to both air pollution and climate change, conventional…

Answered: 7. Problems and Applications Q1…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The ongoing COVID-19 pandemic has disrupted both the education and health system in most, if not all, nations in the world. The scarring effects of the pandemic are predicted to be long-lasting, some of which are the fear of learning-loss and lower future earnings for the current students. Provide evidence(s) that support and/or contradict this statement! If such scarring is expected to occur, would the scarring effects would be worse for the developing countries than the developed ones, and whether the effects would be worse for certain groups such as the poor, women, children, etc.!
What are three economic negatives inherent in imperfect information and what would be an alternative approach rationale for each? Thanks.
Business models are a useful tool only applicable to internet start-ups. True False
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Please specify how to caculate the pay off matrix. Why the pay off matrix is in unit.
Question 2 Type or True/False Banks often use the Apportion Method to authorize the borrower to pay a contractor for completion of specific segments of the house. For example, the bank approves a load for $1,000,000 to build a new house. However, the bank stipulates that the heating and air conditioning cannot be more than 10% and the air conditioning cost cannot be more than 5%. Therefore, the limit on the cost of the air conditioning system is $5,000. paste question here Full explain this question
Emma has a utility functionU(x1, x2, x3) = logx1+ 0.8logx2+ 0.72logx3 incomes x1 , x2, x3 in the next three years. This is an example of (A) expected value; (B) quasi-hyperbolic utility function; (C) standard discounted utility; (D) none of the above.
The late 19th century city was often dense, crowded, and dirty. This often led to disease and sometimes death in places like Manhattan. Group of answer choices True False
(a) Will dynastic preferences, such as those discussed in Section 5.2, lead to infinite-horizon maximization if the instantaneous utility functions of future generations are different (ut(.) potentially different for each generation t)? (b) How would the results be different if an individual cares about the continuation utility of his offspring with discount factor β, but also cares about the continuation utility of the offspring of his offspring with a smaller discount factor δ?

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