When performing a benefit cost analysis of different options to provide clean water to a community, the option that should be chosen is the option that maximizes the benefit to cost ratio.
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When performing a benefit cost analysis of different options to provide clean water to a community, the option that should be chosen is the option that maximizes the benefit to cost ratio.
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- A city currently emits 15 million gallons (MG) of raw sewage into a lake that is beside the city. Table 12.13 shows the total costs (TC) in thousands of dollars of cleaning up the sewage to different levels, together with the total benefits (TB) of doing so. Benefits include environmental, recreational, health, and industrial benefits. Using the information in Table 12.13 calculate the marginal costs and marginal benefits of reducing sewage emissions for this City. What is the optimal level of sewage for this city? How can you tell?How can high-income countries benefit from covering much of the cost of reducing pollution created by low-income countries?Suppose a city releases 16 million gallons of raw sewage into a nearby lake. Table 12.8 shows the total costs of cleaning up the sewage to different levels, together with the total benefits of doing so. (Benefits include environmental, recreational, health, and industrial benefits.) Using the information in Table 12.8, calculate the marginal costs and marginal benefits of reducing sewage emissions for this city. See Production, Costs and Industry Structure if you need a refresher on how to calculate marginal costs. What is the optimal level of sewage for this city? Why not just pass a law that films can emit zero sewage? After all, the total benefits of zero emissions exceed the total costs.
- Name two public goods and explain why they are public goods.What can government do to encourage the development of new technology?1) Since Mr. Leon polluted a lake the government has to clean up his mess. The following are the total benefits and costs associated with cleaning up his mess. % Cleaned Total Benefits Total Costs 20 50,000 500 40 90,000 1500 60 100,000 3,000 80 107,000 10,000 100 110,000 20,000 A)What amount should the government clean up? To answer this you must first calculate the marginal benefits and marginal costs associated with the clean up of the lake.
- Water rescue situation Determine what should be done first and last as well as the available resources in the scenarios. 1. You were on the schools swimming pool to practice your butterfly stroke for an upcoming competition and are the only one in the pool area when you noticed someone floating in the pool's 8ft area. When you checked what it was, you were shocked to find a person floating and unresponsive to your calls.8. Best responses for individual contributions to a public good Larry and Megan each rent one unit of a two-unit apartment building. The building has two separate furnaces located between the two apartments. The renters each control and pay for the heat their furnaces generate and would choose to increase the temperature of their apartments by 30 degrees if the other never turned on their furnace, given that the marginal private benefit (MB) of the 30th degree is equal to the marginal cost (MC) of 1 degree of heat (assume that the MC of heat is constant and that the MB of heat is decreasing). However, each degree of heat paid for by one not only raises the temperature in that apartment by a degree but also raises the temperature in the other apartment by half a degree. degrees of heat before his personal As a result, if Megan were to buy 10 degrees of heat, then Larry would need to purchase only marginal benefit of the final degree was equal to the marginal cost. Use the blue line…Write 2 wayseach to influence the demand and supply side of water management. Do you agree with the following? Why? (a)24*7 water supply is the best option for Indian cities. (b)Water should be priced at the market rate.
- What are the 6 criteria pollutants? Are carbon emissions regulated in the United States? Identify two greenhouse gases. The Clean Air Act dates back to what year? When was the EPA established? How many times has the Clean Air Act been amended?12.0 Your total willingness to pay for a natural resource is made up of three different types of values. What are they?How does the plastic pollute the environment in Bangladesh during the year 2018-2022. Detail explanation in 1500 words with all the data.41- A colleague at work takes small amounts of IT supplies such as flash drive for her own personal use, saying that this is a tiny loss to the company. You tell her that if everyone were to take office supplies, then the loss would no longer be minimal . Your rationale expresses which of the following ethical issues: O a Property issues O bPrivacy issues Oc Accuracy issues O d Accessibility issues