given by P = 14 – 0.39q (b) the marginal cost of extraction of oil is constant at $2 per unit (c) the discount rate is 1% (d) the marginal cost of renewable energy is $9, where c
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Assume that a country is endowed with 39 units of oil reserve.
(a) the marginal
(b) the marginal cost of extraction of oil is constant at $2 per unit
(c) the discount rate is 1%
(d) the marginal cost of renewable energy is $9, where c<d<a.
How long will it take, for a country to transition to a renewable energy source?
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- QUESTION 2 Assume that a country is endowed with 30 units of oil reserve. (a) the marginal willingness to pay for oll in each period is given by P = 13 - 0.55q (b) the marginal cost of extraction of oil is constant at $2 per unit (c) the discount rate is 2% (d) the marginal cost of renewable energy is $9, where c14 Assume that a country is endowed with 25 units of oil reserve. (a) the marginal willingness to pay for oil in each period is given by P = 13 – 0.53q (b) the marginal cost of extraction of oil is constant at $3 per unit (c) the discount rate is 2% (d) the marginal cost of renewable energy is $9, where c<d<a. How long will it take, for a country to transition to a renewable energy source?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.Assume that a country is endowed with 5 units of oil reserve. There is no oil substitute available. How long the oil reserve will last if (a) the marginal willingness to pay for oil in each period is given by P = 7 - 0.40q, (b) the marginal cost of extraction of oil is constant at $4 per unit, and (c) discount rate is 1%?Air pollution in the country of Gawanza has grown over the last ten years with an increase in manufacturing industries. The government of Gawanza now has a plan to reduce the CO2 emissions into the air by 10% per year over the next 10 years. What do you expect will happen? The marginal cost and marginal benefits to Gawanza of reducing CO2 will be lowest in the last few years of implementing this plan. The marginal cost and marginal benefits to Gawanza of reducing CO2 will be lowest in the last few years of implementing this plan. The marginal cost of reducing CO2 will be the highest and marginal benefits of reducing CO2 will be the lowest in year ten. The marginal cost of reducing CO2 will be the highest and marginal benefits of reducing CO2 will be the lowest in year ten. The marginal cost and marginal benefits to Gawanza of reducing CO2 will be highest in the last few years of implementing this plan. The marginal cost and marginal benefits to Gawanza of reducing…words about the negative/positive impacts of Corona virus (COVID19) on tourism sector in OmanFrom a resource-based view, what valuable and unique resources and capabilities does Microsoft have in the eyes of the Chinese users and the government?1 Dynamic Efficiency: Optimal resource allocation in a two-period problem The demand for a non-renewable resource is given by: MB = 10 – 0.5Q. The marginal cost of extraction is $2 per unit (MC = 2). Therefore, the Marginal Net Benefits Function (MB-MC) is given by MNB = 8-0.5Q Answer the following question: What is the condition that determines inter-temporal efficiency?Show all work. Draw graphs to explain your answers. The correct answers will include areas on the graph and dollar values. Suppose a chemical factory discharges waste products into a river resulting in significant damages to a local fishery. The marginal damage to the fishery (measured in terms of the value of lost fish stocks) is represented by the equation:MDC = 10E The chemical factory can reduce its effluent flows by treating its waste products. Its marginal abatement cost (MAC) function is given by the equation: MAC = 1,200 - 5E. What level of emissions will occur if the chemical factory is not regulated? What would the total abatement costs for the chemical factory be if emissions are controlled and reduced to zero? If no liability laws are in place, what damages will the chemical factory inflict on the fishery? (Hint: find TDC) If the government puts in place a liability law that requires the chemical factory to compensate the fishery for the damages it causes,…Many states are now imposing severance taxes on resources being extracted within their borders. How is an increasing marginal extraction cost (over time) of depeletable resource by the imposition of severance taxes compared to the case without taxes? A. Marginal extraction cost increases due to the imposition of severance taxes B. Marginal extraction cost decreases due to the imposition of severance taxes C. Marginal extraction cost with severance taxes stays the same as the case without taxesWhat are the essential elements of a cost recovery model? How should parks be designed to meet increasing populations? And how can government rethink delivery of parks? THANK YOU IN ADVANCE.Assume that a country is endowed with 8 units of oil reserve. There is no oil substitute available. How long the oil reserves will last ifa) the marginal willingness to pay for oil in each period is given by P=8-0.57q. (b) the marginal cost of extraction ofol s constant at $4 Per unit and c) discount rate is 1%?SEE MORE QUESTIONS