Why might a wetland ecologist scoff at an economist when the economist claims to have come up with a "value" for wetlands, for use in benefit-cost analysis? Keep in mind that economists and ecologists tend to have very different ideas about the concept of “value” for environmental resources?  Explain the differences between the concept of “existence value” for an economist, and the concept of “intrinsic value” for an ecologist.

Q: Reflect on the causes for the transitions in U.S. history from one type of environmental policy to…

A: Environmental economics is the study of the economics of environmental protection and the economic…

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: A Pulp and Paper mill in Port Alberni releases pollution into nearby wetlands, and the associated…

A: The private outcome is obtained when only the private costs and benefits are taken into account…

Q: Please provide correct answer in detail... Provide three reasons why it is important for…

A: Ethics can be maintained by implementing the process in a most simplified manner and when decisions…

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A: Enterprise is managed by entrepreneur and therefore enterprise would be occupationally mobile if…

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A: Due to growing Western disapproval and a crackdown on corruption and extravagant consumption, shark…

Q: 21. A factory is polluting a river which is the source of drinking water for a town of 10,000 people…

A: Given,

Q: To evaluate potential policy options that address emissions and climate change, economists often…

A: MTC (maarginal total cost)=MUC(marginal user/private cost) +MEC(Marginal Environmental cost)…

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: Ellen and Jo have identical marginal private cost curves and demand curves and use the same amount…

A: Demand represents the volume of goods and services that the consumers are willing to buy at…

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: 1. Provide three reasons why it is important for environmental economists to adhere to a code of…

A: Spillover effects: It refers to those effects that are unrelated events that occur in an economy.…

Q: If the marginal cost of cleaning up the pond is $15/ppm and the pond currently is at 0 ppm, what is…

A: The marginal cost is the additional cost incurred by producing an additional unit of the commodity.…

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

A: Water pollution is pollution that occurs when harmful substances mix in the water bodies.

Q: Discuss to what extent each of the following satisfies the definition of public good: Noosa National…

A: Public goods are the goods which are non-excludable or non-rival in nature. Non-excludable implies…

Q: What is the socially optimal outcome?

A: Lets analyze the question.

Q: What are economists most concerned with when determining the desirability of pollution abatement…

A:

Q: examples of market-oriented environmental policies.

A: Environmental policies are measures taken by the government, institution, or any other corporation…

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: How can the benefit-cost analyses attempt to determine whether thesocial benefits of a proposed…

A: Social Cost-benefit analysis surveys all the impacts of the proposed public activity. It consists of…

Q: Free-market environmentalism has the potential to improve environmental outcomes     A.…

A: A market is a place where the buyers and sellers interact with each other and the exchange of goods…

Q: What are the advantages and disadvantages of using total economic value estimates to develop…

A: When developing environmental policy recommendations, one approach is to consider the concept of…

Q: What policies are most relevant to promoting a transition to renewables? Is this likely to occur…

A: Environmental economics is a part of economics that deals with the societal impact of environmental…