Consider the following network representation of a transportation problem. 60 60 Des Moines 25 15 Jefferson City 9 8 Kansas City 20 8 10 40 Omaha 26 St. Louis 55 Supplies Demands The supplies, demands, and transportation costs per unit are shown on the network. What is the optimal (cost minimizing) distribution plan? Amount Jefferson City-Des Moines 0 0 Jefferson City-Kansas City 5 45 Jefferson City-St. Louis 55 440 Omaha-Des Moines 25 Omaha-Kansas City 15 Omaha-St. Louis Total 0 0 Cost ×

Discuss externalities and government policies aimed at addressing them. Please Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer then i gave 24 dislikes for you and more from my friends accounts also.

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A city currently emits 15 million gallons (MG) of raw sewage into a lake that is beside the city. Table 12.13 shows the total costs (TC) in thousands of dollars of cleaning up the sewage to different levels, together with the total benefits (TB) of doing so. Benefits include environmental, recreational, health, and industrial benefits. Using the information in Table 12.13 calculate the marginal costs and marginal benefits of reducing sewage emissions for this City. What is the optimal level of sewage for this city? How can you tell?

Draw a diagram of the marginal abatement cost curve described by: MAC = 100 - 2E. What is the uncontrolled level of emissions? What is the marginal abatement cost of the 40thunit of abatement? What is the total abatement cost of 40 units of abatement?

Consider an upstream chemical company and a downstream agricultural producer coex- isting along a river. The chemical company produces output y, but, in the process, also generates waste by-product r that is harmful for apple production by the agricultural firm. The marginal benefit and damage functions are: MB(r) MD(r) 12 – I 2.r Determine analytically the level of waste that is generated at (i) individual benefit maxi- mizing level of production, (ii) the socially optimal level of production, and (iii) compare both allocations. Show your results in a figure.

Computer models of global climate changecaused by increasing carbon dioxide in the atmosphere predictnot only higher overall temperatures, but also more intense andfrequent heat waves. During the devastating European heatwave in the summer of 2003, between 35,000 and 52,000“excess deaths” occurred. Before taking specific actions toreduce carbon dioxide emissions, economists and politicians tryto estimate the costs. Should excess deaths be included as acost of inaction? If so, what value should we place on a life?

Water rescue situation  Determine what should be done first and last as well as the available resources in the scenarios. 1. You were on the schools swimming pool to practice your butterfly stroke for an upcoming competition and are the only one in the pool area when you noticed someone floating in the pool's 8ft area. When you checked what it was, you were shocked to find a person floating and unresponsive to your calls.

D. England coastal community is given by MSB = 40 – 1.5*q, and the marginal cost is MSC = 0.5*q; where q is thousand tons of fish harvested in the current year, and MSB and MSC are measured in million dollars. Assume overfishing will reduce the productivity and the fishery and specifically each thousand tons of fish harvested this year will reduce the present value of future benefits by 4 million dollars, that is the marginal user cost MUC = 4. Determine the quantity of output that achieves static efficiency. Determine the quantity of output that achieves dynamic efficiency. The marginal social benefits generated from commercial fishing in an New %3D a. b.

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