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Consider the following scenario:
Suppose that a chicken farm uses a nearby stream to dispose of the wastes released by its chickens. These wastes flow downstream into a lake that has become thick with algae and polluted due to the minerals in the waste matter. The local office of a nonprofit environmental organization successfully lobbies state regulators to stop the farm's pollution.
Which of the following types of private solutions to the externality of pollution has occurred in this case?
__Charities
__Contracts
__Moral codes and social sanctions
__Integration of different types of businesses
It’s important to note that sometimes private solutions to externalities do not work. For example, this occurs when an excessive amount of time or money must be spent for parties to reach an agreement. This describes the problem of _____ (Choices: A breakdown in bargaining, Transaction costs, Property held in common)
Determine the demand function and inverse demand function for good X. Graph the demand curve for good X.
If passengers can in effect sell their confirmed reservations when a seat shortage arises, why can't passengers sell their right to land at a crowded airport when a shortage of landing slots arises? Provide references please.
The property in that area is rapidly appreciating in value because people anxious to get away from urban developments are bidding up the prices.
If/when the proper research is done businesses can maximize profits while developing new products as well as promote their current products in the most advantageous of ways.
q. a firm in a purely competitive business is currently producing a 1000 unitday at a total cost of 450. if the firm
Illustrate what is total subsidy that firm receives at this optimal level of emissions? total abatement cost of firm at optimal level of emissions.
What is the probability that the cost will be between $300 and $400? (to 4 decimals) d.If the cost to a patient is in the lower 8% of charges for this medical service, what was the cost of this patient’s emergency room visit?
An increase in the fixed cost of working will ________ labor force participation and ________ hours of work (of those working before and after the increase in the fixed cost of working) A worker is indifferent between job one lasting 4 hours a day, j..
For both options, your interest rate is 6% compunded monthly. If the car has a value of S after the 36 months period, what is the value of S that would make both options A and B economically equivalent?
q.the clear brook high school band is holding a car wash as a fundraiser to buy new equipment. the average time to wash
What would this event cause the demand for the dollar to increase or decrease relative to the demand for the pound.
Assume that the following data are known for a mechanical part under design: Load Stress is Normally distributed with ?s=15,000 psi and ?s=4,000 psi Strength of part is also normally distributed with ?ST=30,000 psi and ?ST=3,000 psi What is the safet..
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