Air causing health problems for local residents

Assignment Help Macroeconomics
Reference no: EM131293070

Grass seed farmers in Oregon burn their fields after harvest to condition the soil and to kill insects that harm grass. Such burning spews pollutants into the air causing health problems for local residents and creating an externality problem as shown below. This problem deals with a potential resolution of this negative externality.

Part 1: Suppose that a new strain of grass seed is developed that is extremely resistant to pests. Assume that using this seed is less expensive than the current means of avoiding field burning. Use the copy tool to illustrate how this affects either the supply or the social cost of producing grass seed and label it appropriately.

Part 2: Then, use the drop line tool to identify the new market equilibrium with the new strain of grass seed and no negative externality from field burning and label thispoint Mkt-Equil-New.

Reference no: EM131293070

Questions Cloud

Successful fiscal stimulus : Some reject fiscal stimulus measures in all policy forms. Explain what the various limitations are to a successful fiscal stimulus. Be sure to consider the damaging activities and decisions of (a) private corporations, (b) commercial banks, and (c..
Discuss your social media and e-commerce strategies : Discuss your social media and e-commerce strategies. Some possible questions to consider: What types of Web 2.0 strategies would you employ? Would you have a web site? What purpose(s) would it serve?
Consumers in different parts of the world : Do you believe that companies should adapt their marketing strategies to cater for the needs of consumers in different parts of the world or should they keep it constant?
Demand curves for measles vaccinations : Part 1: Draw and label the supply and demand curves for Measles Vaccinations. Part 2: Use the double drop line tool to identify the market equilibrium quantity and price (Qm & Pm).
Air causing health problems for local residents : Grass seed farmers in Oregon burn their fields after harvest to condition the soil and to kill insects that harm grass. Such burning spews pollutants into the air causing health problems for local residents and creating an externality problem as ..
Write a paper enhancing organizational performance : Write a paper Enhancing Organizational Performance by Motivation,Organizational culture,Change management.
Idea for a non traditional method of aligning culture : Provide a 2-3 paragraph proposal outlining your idea for a non-traditional method of aligning culture, strategy and leadership for small, local businesses in your area.
Implicit cost of running a business : Determine if each of the following economic statements is correct or incorrect and explain your answers. (a) Increasing energy cost incurred in production will push up the implicit cost of running a business.
Overview of the research methodology and methods : Assignment 5: Research Proposal - Overview of the research methodology and methods and Project plan with timeline - Stages and completion dates

Reviews

Write a Review

Macroeconomics Questions & Answers

  International trade and economic growth

Submit a 4- to 5-page paper that addresses the following questions. Be sure to use references within the paper to support your answers. Show work for all calculations.

  Discuss the determinants of varying levels of income

Discuss the determinants of varying levels of income, the factors which determine a person's wages and if these qualifications always hold true.

  Create a proposal for where the revenue would be derived

Create a proposal for where the revenue would be derived if the U.S. were to adopt a zero income tax model. In your response, provide specific recommendations concerning the proposed tax base.

  Computing effect on firm optimal output

Making dresses is a labour-intensive process. Indeed, the production function of a dress-making firm is well described by the equation Q = L - L 2 /800, where Q denotes the number of dresses per week and L is the number of labour-hours per week.

  Concepts and purposes of restorative justice and restitution

In terms of ethics, describe the concepts and purposes of restorative justice and restitution. Address some ethical issues related to the concepts of restorative justice and restitution. Include some implications of restorative justice and how you wo..

  Write about the cocking gass shortage

Write about the cocking Gas's shortage in Jeddah at early February 2015. what are the reasons and what are the effects. try to explain as detail as you can

  Impact on economy from individual tax rate reductions

During the Kennedy administration and Reagan administration Congress decreased tax rates on individuals. Determine the effect of these rate reductions on revenue flow into federal treasury?

  Dynamic stochastic general equilibrium model

Modern macroeconomic models can be distinguished by their impulse, amplification, and propagation mechanisms. Within the context of the dynamic stochastic general equilibrium model, identify those mechanisms and discuss their merits and weaknesses..

  Explain fully what product differentiation may involve

How does monopolistic competition differ from pure competition in its basic characteristics From pure monopoly? Explain fully what product differentiation may involve. Explain how the entry of firms into its industry affects the demand curve facin..

  Performing security assessment of seven domains

Apply all your knowledge in regards to submitting an outline for performing a security assessment of the seven domains of a typical IT infrastructure for a client.

  Production possibility frontier

In some economies relative supply may be unresponsive to changes in prices. For example, if factors of production were completely immobile between sectors, the production possibility frontier would be right-angled, and output of the two goods woul..

  Cartel behavior in coal industry

Assume that the soft coal industry is a competitive industry and it is in long run equilibrium. Now assume that the firms in the industry form a cartel.

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