Evaluate a policy aimed at limitingthe use of a pesticide

Assignment Help Microeconomics
Reference no: EM13999776

1. Suppose a dose-response function has been estimated to beR= -0.2 + 1.6D,whereD is emissions of sulfur dioxide in parts per million (ppm), andR is theresponse measured as percent of agricultural crop decline. Determine if there is athreshold, and if so, what is the threshold? If there is none, explain how you know.

2. Suppose you are using risk-benefit analysis to evaluate a policy aimed at limitingthe use of a pesticide applied to grain crops. Describe the risks and benefits thatwould have to be estimated to conduct this analysis properly.

Reference no: EM13999776

Questions Cloud

Corporate governance issue important in recent dismissal : The corporate governance issue most important in the recent dismissal of american apparel's founder as CEO involved,
Protozoa desires to obtain secret recipe for lobster patty : Protozoa desires to obtain the secret recipe for a lobster patty that is known by Lobster who is Protozoa's biggest competitor. Protozoa has attempted to steal the recipe for years. What can Lobster do to protect his secret recipe
Produce after-tax cash flows : Zappe Airlines is considering two alternative planes. Plane A has an expected life of 5 years, will cost $100 million, and will produce after-tax cash flows of $30 million per year. Plane B has a life of 10 years, will cost $132 million, and will ..
Trade flows between european union and major trading partner : Discuss an overview of Slovenia's international trade flows between the European Union (EU) and its major trading partners. Potential gains from specialization and international trade among Romania, Portugal, and Slovenia. Include opportunity cost di..
Evaluate a policy aimed at limitingthe use of a pesticide : Suppose you are using risk-benefit analysis to evaluate a policy aimed at limitingthe use of a pesticide applied to grain crops. Describe the risks and benefits that would have to be estimated to conduct this analysis properly.
Determine the dollar net cash : Use an Excel spreadsheet to determine the dollar net cash ?ows (after making the debt payment) that you would receive at the end of each of the last 7 years if you partially ?nanced the project by bor- rowing dollars.
Calculate the returns to scale and marginal productivity : Calculate the returns to scale, marginal productivity, and state which of the functions defines a convex feasible region over their entire usage?
How to improve their current marketing and sales management : Select a sales organization within your community and schedule an interview with their marketing manager (the interview can be done by phone or in person)
Calculate the total benefit to society of the optimal : A society has two people: 1 and 2. Person 1's true demand (marginal benefit) for a public good is given by P= 60 - 2G and 2's true demand is given by P = 120 -G. the total cost of providing G is TC = G^2. Calculate the total (net) benefit to society ..

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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