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- The problems with e.g."Acid rain" created by emissions of sulfur dioxide has been onemajor problem in Sweden, not least because emissions have occurred in other countries (eg England and Denmark) andthen transported here. Now assume that if one tonne of sulfur is emitted in England, it results in one (1) gram of sulfur deposition in Sweden. The corresponding deposit of one tonne of sulfur emissions in Denmark is assumed to be 3 grams. Suppose further that The socio-economic damage of one gram of sulfur deposit can be estimated at SEK 0.10.The marginal cost of reduce sulfur emissions in England is estimated at Z SEK per tonne, and in Denmark the equivalent is estimatedcost to 2Z SEK per tonne. Z indicates here the emission reduction in tonnes (eg in Denmark it would cost SEK 4 toreduce emissions by two tonnes). In other words, Z = 0 corresponds to the emission level where there is no reductionemissions occur. a) Suppose now that the European Union decides that Denmark and England…Exercise 1.9. The pivotal mechanism is used to decide whether a new park should be built. There are 5 individuals. According to the proposed project, the cost of the park would be allocated as follows: individual 1 2 3 4 5 share of cost C₁ = $30 C₂ = $25 C3 = $25 C4 = $15 С5 $5 1, For every individual i = perceived gross loss, if negative) from having the park built. The v/s are as follows: 5, let v, be the perceived gross benefit (if positive; individual 1 2 3 4 5 gross benefit V₁ = $60 V2= $15 V3 = $55 V4 = $-25 V5 = $-20 (Thus the net benefit (loss) to individual / is V, -C). Individual / has the following utility of wealth function (where m, denotes the wealth of individual 1): m₁ if the project is not carried out U₁ = m.+Vi if the project is carried out (Let m, be the initial endowment of money of individual / and assume that m is large enough that it exceeds c, plus any tax that the individual might have to pay.) (a) What is the Pareto-efficient decision: to build the park or…A graduating senior has been accepted by three uni- versities for an M.S. in engincering. Two criteria have been identified. The first is the program and university's academic ranking. The second is the cost. A third criteria of location was initially consid- ered, but then the student recognized that it is only for about a year, and applications were only made to acceptable schools. The student is currently enrolled in the first university, which is rated as a 5 for aca- demic rank and a 10 for cost. The second is a larger out-of-state public university, which is rated as an 8 for academic rank and a 6 for cost. The third is a prestigious private school, which is rated as a 10 academically and a 3 for its higher cost. (a) What is the total score for each school if the two objectives have the same weight? (b) If academic rank is has a weight of 75%, what is the total score for each school?
- PLS HELP ASAP ON BOTHquestion is partially incorrect but I am not sure how to solve itThis question is intended to have a written response given. The writtenresponse should be 2-3 paragraphs maximum and focused on answer the specific questions of interest using the tools/concepts from lecture/tutorials. You may include agraph to support your argument/ideas, but this is not required (note: I would recommend you sketch a graph when thinking about how to answer this question, thoughthat does not need to be submitted). Leung and Seo wrote an article “How do government transfer payments affect retail prices and welfare? Evidence from SNAP” (Jan,2023) in the Journal of Public Economics. To answer this question, you do not need togo read the paper. I would in fact recommend against it as the paper is very technicaland assumes a knowledge of statistics that most students taking Econ 201 will nothave (some of the ideas will be discussed in Econ 233 and Econ 333). We will use theinformation/main ideas as a starting framework.In the United States, one of the largest welfare…
- Analyse the PESTEL of 3 countries Nigeria, Mexico vs Philippines3)Multiple choice question: Suppose a high-speed rail system is proposed that will save commuters from the suburbs a lot of valuable time. If the high-speed rail system is built, the value of homes in the suburbs will increase because of the easier commute. When estimating the potential benefits of the high-speed rail system: A. it is important not to double count benefits since the rise in home values is caused by the time savings. B. it is important to count both the rise in home values and the value of time saved by commuters. C. neither the rise in home values nor the value of time saved by commuters is considered a benefit of investing in the high-speed rail system. D. the increased value of suburban homes is considered a cost rather than a benefit.
- %19 1₁. 1₁. № Question * 15 Per Capita Alcohol Consumption (liters) AFrance Denmark reland Australia SwedenA UK Car USA Japan Germany Switzerland Belgium Which of the following statement is true? *Norway At follow up 0 200 400 600 800 1000 1200 CHD Death Rates: Males 55-64 years old *Finland This is a negative correlation of per capita alcohol consumption to death rates from coronary heart disease (CHD) This is an ecological study correlated different countries to per capita alcohol consumption The alcohol consumption is a risk factor for coronary heart disease (CHD) This is a positive correlation of per capita alcohol consumption to death rates from coronary heart disease (CHD) When conducting a cohort study, exposure is measured After the outcome was measured At the start of the study None of the other options are correct ۸:۰۲where did you get 0.1235 from??QUESTION 8 S1, S2, S3 and S4 are UIUC students who just graduated. They each have a poster of Dolly Parton that they are willing to sell. B1, 82, B3 and B4 are new students at UIUC and want to buy Dolly Parton postern for their rooms. The tables below give the minimum selling prices and maximum buying prices for each student. Minimum Selling Prices Maximum Buying Pricen X+$9 S1 $10 B1 S2 $11 B2 X+$14 S3 $20 B3 X+$16 S4 $25 B4 X+$26 If X is negative $5 (.e., Xu-$5), what is the market-clearing price? Note: Do not include the dollar sign,