When allocating water, efficiency in the presence of competing uses implies: O Consideration of the oportunity cost imposed on an alternate user. The marginal net benefit should be equalized across all users. O The price of the good is equal to the marginal net benefits. All of these reasons
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- A customer has purchased one pack of 100 pairs of disposable face masks. The price of the second pack is $45, and the burer estitnated its net benefit from buying this second pack to exceed $50 What should the buyer do? Select one O a The buyer should not buy the second pack as buying the second packiwitl increase total benetts by less than total costs b. The buyer should not buy the second pack as buying the second pack will increase total benefits by more than total costs OC The buyer should buy the second pack because the marginal beneft of the second packit so igh that ts marginat cost does not mater umy more d. The buyer should buy the second pack because the marginal benefit of the second pack exceeds the marginal costWhat is the set of techniques in the making of decisions, which compares the costs and benefits, but looks at them subjectively and does NOT translate all concerns into market (dollar) terms? O Cost-Benefit Analysis O Cost-Effective Analysis O Co-Payment O Just ask your economics professor.to treat a sore back Kyoko undertakes a course of physical therapy.Kyoko's marginal benefit from her first physical therapy session is $250 from her second its $225 , from her third its $175 anf from her its $100. physical threapy sessins cost $175 each. assuming kyoko's final physical threapy session will earn her zero consumer surpus, kyoko will have _ physical threapy sessions and her total consumer surpus will be_ A .four, $0 B. three, $100 c. four, $125 d. three, $125
- Value as Marginal Benefit of Successive Items of Five Alternative Goods Produced and Consumed Every successive item in each category is produced at constant, identical unit-cost Quantity Lasagna Vaccinations. Math Courses: Energy Drinks 1 $10 9 2 3 4 5 6 8 7 6 5 I $9 8 Cost-Benefit for Right Goods 6 5 4 $8 7 Arthur would gain by forfeiting one unit of in order to fund one more unit of 6 5 4 3 $7 6 5 4 3 2 Trips to Brussels $6 5 4 3 2 1 8. The marginal benefit magnitudes above constitute the value or maximum-willing-to-pay for each successive unit of each kind of good. It reflects the valuations of representative citizen, Arthur. Arthur currently procures and enjoys one lasagna, one math course, three energy drinks, and two trips to Brussels, as underlined and bolded. lle1.Explain specifictly how to overcome and solve the major problem of Mcdonal's company from polluting the water? 2. Explain specifictly how to stop the staff from throwing unethically waste inside the water? 3. Explain what the company will do if the staff still throwing unethically waste in the water?Completed 17 out of 20 estion 14 of 20 > A network externality is an external cost or benefit generated from the O virtuous cycle. O production of a network good. consumption of a network good. O network effect. LAPTOP LOGIN cen PASSWORD: Browarg USERNAME: student
- art 1 of O Points: 0 of 1 Previous Question A municipal solid-waste site for a city must be located at Site A or Site B. After sorting, some of ti plant are shown in the table below. hsported to an electric power plant where it will be used as fuel. Data for the hauling of refuse from each site to the power Site A Site B Average hauling distance 5 miles 4 miles $110,000 Annual rental fee for solid-waste site $4,000 Hauling cost $1.43/yd"-mile $1.43/yd'-mile If the power plant will pay $8.06 per cubic yard of sorted solid waste delivered to the plant, where should the solid-waste site be located? Use the city's viewpoint and assume that 200,000 cubic yards of refuse will be hauled to the plant for one year only. One site must be selected. The total cost of locating the power plant at the Site A is $. (Round to the nearest dollar.)Choose the statement or statements that are correct. 1. The value of one more unit of a good or service is its marginal benefit. II. Marginal benefit equals the total amount we spend on a good or service. III. Marginal benefit is the maximum amount willingly paid for another unit of a good or service. O A. I only OB. II only O C. Ill only OD. I and III OE. I, II, and III ww.86) An economy unit of agricutural output raquires 0.L'unit of ag ristural input and agriultural industy and a teatile industry. Each has 9n 0.1 unit of textiles inputs. Each unit of textiles output requires o.1 unit of agricul tural imput and 0:2 unlt of textiles input. a Write the technoligy matrix for this b) If surpluses of S units of agrlualhural products and15 units of texti le s ave desired, final the gois poluchion of each industry econdny. .
- 4. The mechanism designer must allocate 10 identical objects. There is no cost asso- ciated with allocating the objects. There are more than 10 individuals interested B C D vB(a) VB -2 -1 vc(a) -5 -5 vp(a) -1 -2 UD Table 1 - Negative consumption externality in receiving an object. Each individual i would like to receive at most one object. The utility of individual i is given by Ui = Viqi – ti, where vi is i's private value for receiving an object, and qi = 1 if i receives an object and q; = 0 otherwise. (a) Find all Pareto efficient outcomes. (b) Find the VCG mechanism for this problem. (c) Does the VCG mechanism run a deficit?The data beloN shows how the marginal benefit of attending Durham Bulls baseball games varies for Joan with the number of games attended this season. Number of Games Attended This Season Marginal Benefit (5) 1 25 20 15 10 5. 5. The price of a ticket is $18 and is equal to the marginal cost of attending each game. Assuming that Joan behaves rationally, she will attend OA. 2 games this season, OB. 3 games this season. OC.5 games this season, O0.1 garme this season OE. 4 games this season.1. The total demand (marginal benefit) curve for backpacking trips within 30 miles of the Supersti- tions is as follows: (a) Price = 200 -0.5 x NumberOfTrips - 10 x Water Availability Index Describe what water availability does to consumers' demand for trips.