Suppose the A&G Fuel Company wants to build three pipelines that would carry fuels under your city. The pipelines pose risks of groundwater contamination and explosion. For each pipeline the tablebelow shows the marginal benefit to A&G Fuel Company and the marginal cost of expected damages to residents (in millions of dollars).Marginal Cost(added damages)PipelinesTotal ProfitsMarginal Benefitfor A&G FuelTotal Damage toResidentsCompany11205528075370125a. Fill in the blanks in the table. What is the efficient number of pipelines?b. Suppose that A&G Fuel Company has the right to build the pipelines. What is the range of offers (in millions of dollars) that the residents might make and A&G Fuel Company might accept toeliminate the third pipeline? Betweenand(Show all the calculations)c. If residents have the right to clean environment, at the level of output selected by A&G Fuel Company, what is the total amount of compensation A&G Fuel Company will provide to the residents?(Show all the calculations)

Pipelines Total Profit Total Damage Marginal Benefit Marginal Cost 0 0 0 0 0 1 120 55 120 55…

Suppose the A&G Fuel Company wants to build three pipelines that would carry fuels under your city. The pipelines pose risks of groundwater contamination and explosion. For each pipeline the table below shows the murginal benefit to A&G Fuel Company and the marginal cost of expected damnges to residents (in millions of dollars). Pipelines Total Damage to Residents Marginal Benefit Marginal Cost (added damages) Total Profits for A&G Fuel Company 1 120 55 80 75 70 125 a. Fill in the blanks in the table. What is the efficient mumber of pipelines? b. Suppose that A&G Fuel Company has the right to build the pipelines. What is the range of offers (in millions of dollars) that the residents might make and A&G Fuel Company might accept to eliminate the third pipeline? Between and (Show all the calculations) c. If residents have the right to clean environument, at the level of output selected by A&G Fuel Company, what is the total amount of compensation A&G Fuel Company will provide to the residents? (Show all the calculations)

Suppose the A&G Fuel Company wants to build three pipelines that would carry fuels under your city. The pipelines pose risks of groundwater contamination and explosion. For each pipeline the table below shows the murginal benefit to A&G Fuel Company and the marginal cost of expected damnges to residents (in millions of dollars). Pipelines Total Damage to Residents Marginal Benefit Marginal Cost (added damages) Total Profits for A&G Fuel Company 1 120 55 80 75 70 125 a. Fill in the blanks in the table. What is the efficient mumber of pipelines? b. Suppose that A&G Fuel Company has the right to build the pipelines. What is the range of offers (in millions of dollars) that the residents might make and A&G Fuel Company might accept to eliminate the third pipeline? Between and (Show all the calculations) c. If residents have the right to clean environument, at the level of output selected by A&G Fuel Company, what is the total amount of compensation A&G Fuel Company will provide to the residents? (Show all the calculations)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Only typed answer
4
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 taxes
12. Can farmers control the internal risks easier? Are there ways to also manage external risks? Why or why not?
575 Bb Module 01: Fundame X Bb 5535547 Hb My Blackboard Conter X ackboardcdn.com/blackboard.learn.xythos.prod/5a25b62cdb9cf/5497575?X-Blackboard-Expiration=1631804400000&X-Bla 4 / 4 100% Directions: For questions 29-31, imagine there are only two producers of coffee – Cool Beans Coffee Roasters and Aroma Mocha Coffee. For each question, draw on the graph provided what will happen under the given circumstances. For example, will the curve shift left or right? 29. Aroma Mocha announces a sale on all lattes. What will happen to the demand for Cool Beans Coffee? Label this ve D1. 30. Studies show that coffee increases energy levels and can make you smarter. What will happen to the demand for all coffee? Label this curve D2. 31. The price for Matcha Tea skyrockets. How will this. impact the demand for coffee? Label this curve D3 a 73°F
Please explain in simple words the environmental management and responding to climate change and energy issues
Suppose you like watching YouTube videos more than I do. The marginal value of your last YouTube video per day must be higher than the marginal value of my last video. n 20 out of Select one: True False us page Net page suggested answers to midterm 2 Jump to. short answers Technical Help Quicklinks Platforms KPU MacBook Air FS %23 %24 & 2 4 7 8 Q W E Y U S F G H J K Z C V B M option command < (O
Write 2 wayseach to influence the demand and supply side of water management. Do you agree with the following? Why? (a)24*7 water supply is the best option for Indian cities. (b)Water should be priced at the market rate.
25. Suppose that there is a large farm and a large recreation firm located on a river. The farm is upstream of the recreational area. The farm uses the streamflow for irrigation. Let S be the amount of streamflow used by the farm and suppose its marginal benefit for irrigation is given by MB-5000-15S. Use of streamflow by the farm is costly to the recreational firm, though, because of lost opportunities for boating, fishing, and camping. Suppose this marginal cost is given by MC=5s. (a) Draw a sketch of the MB and MC curves for use of S by the farm. On your graph, show the efficient level of S by the farm. Solve for this amount from the equations. (b) If unregulated, the farm uses streamflow at a price of zero. Show on your graph what S this corresponds to. Solve for it from the equations. (c) If the government sets a tax price on streamflow, what tax price per unit of S will result in the farm using the efficient level of streamflow? Show on your graph and find with the equations. (d)…
A number of reasons have been put forward for the perceived failure of small firms to become environmentally aware: Cost Lack of expertise Ignorance of legislation Scale advantages. a) explain each reason that led to failure of small firms to become environmentally aware. b) What may these factors have led to?What is necessary to do in order to create greater interest within the small-firm sector and improve its environmental practices?
Need help plz.
1. Transportation costs per ton of product vary with distance. For trucks: TC₁ = 2 +1.5d For rail: TC, = 4+d For barge: TC₁ = 6+.75d where d is the distance in miles and TC is dollars per ton. Make a table that includes the costs for each method from d= 1, 2 ...5, and what is the most efficient mode of transportation at each distance.