What should the government set their corrective tax to if they want to eliminate 7 units of pollution?

Q: e the nature of t

A: An externality is a cost or benefit being caused by a producer which is not either financially…

Q: If producing a good generates pollution (a negative externality), from a social perspective ... a.…

A: Negative externality occurs when the production of a good causes indirect negative impact on the…

Q: What are the economic benefits of the water pollution policy in Hawaii?

A: Hawaii's quality of life reflects mirrors the benefits of the state's environment, wellbeing,…

Q: what is the consequences of companies that pollute and the externalities they create both private,…

A: External expenses incurred as a result of an economic transaction are called negative externalities.…

Q: what are some proms and cons of being an environmental economist?

A: Environmental economists supervise the economic analysis which is linked to environmental protection…

Q: Süb noint(s) possible Next question The graph shows the marginal social cost and the marginal…

A: External cost refers to the cost that is incurred due to externality. It affects the third party who…

Q: What are Externalities? What some strategies the Government may use to address both positive and…

A: An externality refers to the unintended cost or benefit of an economic activity on a third party…

Q: There are three industrial firms in Happy Valley. Initial Pollution Cost of Reducing Firm Level…

A: Given, A 30 units $20 B 40 units $30 C 20 units $10

Q: how can high-income countries benfit from covering much of the cost of reducing pollution created by…

A: Environmental pollution is described as' the degradation of the universe biophysical elements to a…

Q: equilibrium price: $ equilibrium quantity: million pack c. Determine the socially efficient price…

A: b. The equilibrium price is $7 and the equilibrium quantity is 180 million packs because the…

Q: Which externality is the most threatening when it comes to pig farming?

A: An externality is an act where the third party gets affected by the transaction (production or…

Q: Would environmentalists favor command-and-control policies as a way to reduce pollution? Why or why…

A: The command-and-control regulation establishes particular pollution emission limitations and/or…

Q: Can you assess how relevance of the carbon tax may be different for fossil fuels producers and…

A: Government needs money to fund the development process in the country . For this government collect…

Q: Suppose the government doesn't know each firm's costs of abatement. The socially efficient or least…

A: The marginal abatement cost helps in measuring the cost of reduction of one more unit of pollution.…

Q: Why free-market environmentalism is not implemented?

A: Free market environmentalism would cause decrease in production of many firms.

Q: The graph illustrates the unregulated market for uranium. The mines dump their waste in a river that…

A: Marginal external cost (MEC) is the adjustment of the cost to parties other than the maker or…

Q: What are positive and negative externalities, hint the ( causes, effects and the remedies.)

A: An externality is present whenever some economic agents' welfare (utility or profit) is directly…

Q: Why government needs to produce pure and impure public goods?

A: Public goods are the goods that are non-rivalrous and non-excludable which means that no one can be…

Q: What is the main rationale behind marketable pollution permits?

A: Emissions trading or cap and trade is a market-based approach that is used by government to control…

Q: Externalties are when ?

A: Externalities pose fundamental economic policy issues when individuals, households, and businesses…

Q: Externalities in Your Current Home Country Environmental Economic Market.?

A: Externalities occur when the exchange between buyers and sellers and it will affect the third person…

Q: Briefly discuss the shortcomings of environmental command-and-control regulations.

A: Command and control guidelines or regulations, center around forestalling ecological issues by…

Q: EOC 11.04 Two businesses, X and Y, each dump 20 tonnes of pollution into a creek. In an effort to…

A: Tradable permits refers to the government licensing or power that the government allow them to make…

Q: Describe 5 five negative externalities arising from the consumption and disposal of plastic bottles

A: The markets are the place where the meeting and interactions of the buyers and the sellers takes…

Q: Which school subjects would have have use for when being a environmental economist?

A: The environmental economics would be the field of social science which would result in the…

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: The table below shows the total benefit for cleaning up the roadside for the state. Quantity of…

A: We are given the demand schedule data of pollution cleanup. Where we are given the maximum…

Q: Consider a factory, located in the middle of nowhere, producing a nasty smell. As long as no one is…

A: The objective of the question is to understand the concept of externalities in economics, and how it…

Q: Use the concept of externalities to explain how we might answer the question of what owners may do…

A: An externality is a cost or benefit caused by a producer that is not incurred or received by the…

Q: In economic term, COVID-19 vaccinations provide   A. negative externality   B. positive externality…

A: An externality is a cost or benefit incurred or received to society due to the production process.

Q: c. The government requires that auto manufacturers limit pollution to a specified threshold.…

A: Out of the given options select the best one that describes the method through which the government…

Q: The government wants to reduce pollution to 60 units, so it gives each firm 20 tradable pollution…

A: Firm Initial pollution level Cost of reducing pollution by 1 unit A 30 units $20 B 40 units $30…

Q: How did California lead the way in terms of state environmental policy?

A: Environmental policy contains all the rules and regulations agreed to by an organisation or a…

Q: The graph below depicts the market for a good with what type of externality present? Price 227 20 18…

A: The external cost is the cost that is borne by the third party. There is positive externality when…

Q: The market for a good has a $10 negative production externality and the demand and supply are given…

A: The externalities lead to such market outcomes which are not efficient. The negative externalities…

Q: Question 11. For regulating pollution from diffuse sources, such as exhaust from cars, it is…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: Mankiw Chapter 11 question 2   Are the externalities associated with public goods generally positive…

A: The externalities are the additional costs or benefits that is incurred to the third person who is…