Price per ton of fish 135 Marginal Cost per trip 1264 Fishing Total Catch trips (tons) Average Revenue Total Revenue 15 2025 2025 30 4050 2025 3 45 6075 2025 4 60 8100 2025 75 10125 2025 85 11426 1904 94 12690 1813 99 13365 1671 104 14040 1560 10 105 14175 1418 11 103 13905 1264 12 98 13230 1103 13 95 12825 987 14 90 12150 868 LO 7.

Q: Comment on the free rider problem in the context of global climate agreements.

A: Free rider problem in the context of global climatic agreements according to economists is treated…

Q: What arguments do low-income countries make in international discussions of global environmental…

A: The global environmental cleanup discussion became serious when the global environment started to…

Q: What are ecosystem services? Give several examples. Describe ways in which some economists have…

A: The monetary value of an asset or service is the amount of money that would be received if it were…

Q: In an Open Access equilibrium of fishers maximizing their​ profits, new fishers will continue to…

A: an Open Access equilibrium of fishers maximizing is considered as an competitive market.

Q: Compare and contrast the different approaches to environmental policymaking

A: Environmental policymaking The term environmental policymaking means to issue laws, policies or any…

Q: Discuss the free-riding concept as it pertains to international environmental agreements.

A: Free-riding is the concept in international environmental agreements where some countries benefit…

Q: Despite economists’ support of a market approach to environmental policy, the command and-control…

A: A command and control strategy, often known as a cap and trade policy, entails distributing licenses…

Q: Explain why zero pollution should not be the goal for a society.

A: The term "zero pollution" implied a low quantity of poisons and trash delivered by businesses, to…

Q: What would happen if coastal development along the U.S's eastern shore was limited?

A: Coastal development is very necessary because it will protect the economy from the effect of any…

Q: Consider the definition of open-access resources introduced this week, is a public park an…

A: In economics, open access resources are, for the most part, competitive, non-excludable goods. As a…

Q: Why

A: Answer why! Because, If oil firms are permissible to drill on the refuge's sensitive solid ground,…

Q: What do economists call the costs of climate change imposed on the rest of the world by the…

A: Environmental Economics looks at resource allocation strategies that reconcile economic growth with…

Q: How does urbanization affect the environment

A: A1)Urbanization blocks the natural flow of stream, so they are contracted in urban area but they…

Q: What are pollution havens? How are they created or why do they exist? Why do economists think they…

A: According to the Pollution Haven Hypothesis, businesses will want to avoid the costs of strict…

Q: What is the extent of the economic damage of Rice Weevil?

A: The rice weevil is an insect/pest which assaults seeds of a few yields, including wheat, rice, and…

Q: What assumptions do economists make? Why does each assumption matter in environmental economics?

A: Economics: It is related to the production, distribution, and consumption of goods and services.

Q: How does global demand for fish affect marine natural resource economics? Please give a reference.

A: The global demand for fish occurs when people demand fish all over the world. Its demand is…

Q: Should a firm exceed the minimum legal limits of government imposed environmental regulations and be…

A: Externality refers to the implication of one's action on the actions of others. For example,…

Q: Discuss if forests should be considered as global public goods or not

A: In economics, goods are categorized into four main types on the basis of certain features. These…

Q: Assess the validity of the following statement: If a country fails to deal with domestic pollution,…

A: Free Trade: The international exchange of goods and services without restrictions or barriers, based…

Q: Describe aspects of environmental economics and ecological economics

A: Economics is a social It looks into how individuals, businesses, governments, and countries decide…

Q: Should a firm exceed the minimum legal limits of government imposed environmental regulations and be…

A: No, a firm should not exceed the minimum legal limits of government imposed environment regulations…

Q: what is the potential opportunity cost of the Federal government unsing tax revenue to purchase…

A: Opportunity cost: - opportunity cost is a forgone benefit which we could have earned by applying all…

Q: An external cost is a cost paid by _____ of the good.     a consumers b producers  c neither…

A: The idea of external costs is related to economics, notably in the area of inefficiencies and market…

Q: In a valuable ocean fishery, how can well-crafted boundaries help create a manageableres communes…

A: Introduction Boundaries aid in the creation of more efficient work environments. Conflict,…

Q: True or false, the economic damages of biodiversity loss are normally internalized into commercial…

A: The externality is defined as the cost or benefit that is unrelated to the third party involved. It…

Q: Explain the "Tragedy of the Commons" as described by Garrett Hardin. Why does Elinor Ostrom disagree…

A: The tragedy of the commons refers to an issue that occurs when resources are used by the common…

Q: What are the Economic environmental changes of Apple?

A: Environmental economics is a branch of economics that deals with environmental concerns. Any…

Q: do international organizations address the contrasting environmental views between the North and So

A: South-south countries have seen numerous economic crises, but north-south countries have…

Q: Summarize how the first, second, and third waves of environmental policy in U.S. history differed…

A: During 17-18th centuries, the first phase of environmental regulation emerged. Environmental rules…

Q: there is a free rider problem in a New Year’s Eve celebration in Times Square, New York? Yes…

A: A market failure known as the "free rider problem" happens when consumers take advantage of…

Q: Economists describe human-induced climate change as an ‘externality’ What does this mean and how is…

A: An externality can be either positive or negative. If due to some action the people benefitted from…

Q: Explain clearly what a Carbon Tax is. Then explain clearly what an Emissions Trading scheme is.

A: Carbon Tax  A carbon tax is an environmental tax imposed by the government to ensure that a company…

Q: Why is it very easy to overuse our natural resources?

A: (Q) Why is it very easy to overuse our natural resources?

Q: Why do some economists believe a carbon tax is a better policy?

A: Most of the economists tend to assert that carbon taxes are in turn the most efficient as well as an…

Q: What political and regulatory (and other) macroenvironmental implications due to First GMO Fish for…

A: The introduction of the first genetically modified (GMO) fish for human consumption may have…

Q: Identify what constitutes social cost of production.

A: Social cost of production: It is the cost that is being borne by the society it constitutes both the…

Q: Why is iteration an important contribution of institutions to environmental cooperation

A: In the context of environmental cooperation, it can be defined as the repeated cycles of…

Q: why environmentalists consider economics as enemy of the environment?

A: Economics refers to the subject where allocation and distribution of scarce resources of the economy…

Q: A company uses a foreign agent to warehouse and deliver its goods in a foreign country. This…

A: Export is the process of sending domestic goods to foreign countries for sale. This is the outcome…