What would you be willing to pay as fair market value

Assignment Help Microeconomics
Reference no: EM13870956

1. What would you be willing to pay, as fair market value, for a clean, safe glass of ice-cold water? Explain.

2. Why do many judge the state of water cleanliness and safety mainly by sight and smell only?

3. Consider the following: "Environmental credit trading is a tool that can be used to support efforts that improve the environment by making those efforts less costly than they would be otherwise. But, environmen­tal credit trading can only be effective in improving the environment if there is some firm requirement for environmental improvement (a cap or a standard) that needs to be met." What is your opinion of this statement?

Reference no: EM13870956

Questions Cloud

Light reactions calvin cycle carbon fixation : Potential  energy Kinetic  energy Endergonic  reaction Exergonic  reaction Coupled  reaction Enzyme Substrate Activation  energy Oxidation Reduction Glycolysis Fermentation Krebs  Cycle Electron   Transport  Chain ATP  synthase Stomata Thylakoids Chl..
Identify the b2c and b2b activities described in this case : Read the Bejing 2008: A Digital Olympics case in Chapter 1 and discuss the following. First, look at each business requirement and explain how the EC tools helped. After you have completed this, identify the B2C and B2B activities described in thi..
Average force does it exert on the dock : A 60 TONNE ferry strikes a dock at a speed of 5km/h. What average force does it exert on the dock if it is brought to rest from a distance of 0.45m?
Identify the social network and business network elements : Read the Craigslist case and identify the business model used by Craigslist. After identifying, visit craigslist.org and identify the social network and business network elements
What would you be willing to pay as fair market value : What would you be willing to pay, as fair market value, for a clean, safe glass of ice-cold water? Explain. Why do many judge the state of water cleanliness and safety mainly by sight and smell only?
What features do the sites have in common : Read the Walmart case and then compare walmart.com with amazon.com. What features do the sites have in common
Neurons and glia believed to be affected by tbis : At the cellular level, how are neurons and glia believed to be affected by TBIs? What are the macroscopic features (neuropathology) of chronic TBI? How is the structure of the brain affected?
Risks and benefits of extracting : What are the risks and benefits of extracting or using one type of nonrenewable and one type of renewable energy  resource from a forest or in areas near a forest?
What are main obstacle in establishing cap-and-trade program : Why aren't trading ratios between any two sources always one-to-one? What are likely to be the main obstacles in establishing cap-and-trade programs for water pollution control?

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Explain elasticity of demand as it pertains to elastic unit

economists use elasticity to measure consumer responsiveness to changes in the various determinants associated with

  Effects of a reduction in the nominal money stock

Analyze the effects of a reduction in the nominal money stock on the price level, on output, and on the real money stock when the aggregate supply curve is positively sloped and wages adjust slowly over time

  Write a report based on the podcasts

write a report based on the podcasts & the news article in the text and a critique as well (do you agree with Mankiw's view that "Consenting adults should be able to make economic trades

  1 what types of products are phone services and

1. what types of products are phone services and electricity?2. why does a firm spend an enormous amount on advertising

  Explain what kind of foreign investments would be best for

the ppf curve shows the economic choices a country can make about production given scarce resources a given technology

  A free-market republican argues against the pigouvian tax

A free-market republican argues against the Pigouvian tax by pointing out that the conditions necessary for the Coase Theorem to produce an efficient equilibrium are present in this situation. Assuming that the republican is correct, describe two met..

  How will the new tax affect the beer market

Among the tax proposals regularly considered by Congress is an additional tax on distilled liquors. The tax would not apply to beer. The price elasticity of supply of liquor is 4.0, and the price elasticity of demand is -0.2. The cross-elasticity of

  What is sustainable development give 2 examples what is an

what is sustainable development? give 2 examples. what is an environmental sustainability initiatives ? give two

  Everyone should be able to afford a white chocolate mocha

Mr. Jones becomes president. He declares everyone should be able to afford a white chocolate mocha. A law is enacted that the first white chocolate mocha anyone buys each week shall be priced at no more than $3. Graph what this law would look ..

  Describe how an increase in the american demand

Describe how an increase in the American demand for Chinese goods leads to a change in the Chinese yuan relative to the U.S. dollar.

  Write down the first order necessary conditions

Write down the Lagrangean for problem and Write down the first order necessary conditions (FOC) for a minimum.

  What effect mtv has on international relationships

What effect MTV has on international relationships? (for ex: MTV in Africa)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd