A beekeeper yung lives next to an apple orchard she is not

Assignment Help Macroeconomics
Reference no: EM13378492

A beekeeper, Yung, lives next to an apple orchard. She is not only benefits from the bees' honey, which she sells, but she sells, but she also creates a positive externality for her apple grower neighbor: Yung's bees help pollinate the apple trees so the apple grower can grow more apples. Yung's total cost and benefit for keeping her bees is the following:

Price per 1000 bees               27     24   23    21    18    15   12

Quantity of bees demanded     1        2    3      4      5      6    7

Quantity of bees supplied        9        8    7      6      5      4    3

Ignoring the externality, how many bees will be kept?

If the apple grower wants to see 6,000 bees kept, what is the value of the externality? What would have to happen for the socially optimal amount of bees to be kept?

Reference no: EM13378492

Questions Cloud

1 in the search box type in the ticker of the company : 1 in the search box type in the ticker of the company choice or the name of the company. find your company click on it
Each answer needs to be a paragraph1 how does an : each answer needs to be a paragraph.1 how does an expansionary monetary policy work? describe the steps through which
A consumer lives three periods called the learning period : a consumer lives three periods called the learning period the working period and the retirement period. her income is
Many proponents of public transit argue that the service : many proponents of public transit argue that the service should be provided free to the public in metropolitan areas in
A beekeeper yung lives next to an apple orchard she is not : a beekeeper yung lives next to an apple orchard. she is not only benefits from the bees honey which she sells but she
1which of the following statements is correcta limited : 1.which of the following statements is correct?a limited access to the health care system is a major cause of rising
1 discuss several economic events that would increase a : 1. discuss several economic events that would increase a countrys willingness to trade.2. in the offer analysis why
Suppose that the equation for the aggregate demand is y : suppose that the equation for the aggregate demand is y 7000 2400p. in this real business cycle model the equation for
Assume that gross private domestic investment is 800 : assume that gross private domestic investment is 800 billion and the government state local and federal combined is

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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