Quiz-env

Let MAC = 4 – E. In which case the area of the TAC is maximum?

• E=0

• E=1

• E=2

• E=3

• E=4

Assume that (P)_t=8-Q_t, MC=3, r=0.1 and λ=3. Also assume that the marginal cost of renewable resource is 6. Find the first period price and chock quantity.

• 6 and 2

• 8 and 2

• 1 and 2

• 6 and 4

• 8 and 4

Assume that fishery has property right to use the river. Let MAC=300-5E and MD=E. Find the max value of net gain for chemical company

• 6428

• 4286

• 8462

• 8426

• 2648

Assume that chemical company has property right to use the river. Let MAC=70-2E, MD=3E. Find the net gain for chemical company at the social efficient point.

• 441

• 144

• 114

• 401

• 104

Let MD=2E and MAC=150-E. When the value of net social gain is maximum?

• Standard=30

• Standard=50

• Standard=20

• Standard=75

• Standard=25

Let MAC1=60-5E1, MAC2=12-E2 and emission standard is 6 tons. Apply cost-effective individual standard and find the TAC for second firm

• 50

• 100

• 10

• 30

• 12

Let MAC1=60-5E1, MAC2=12-E2 and emission standard is 6 tons. Apply uniform standard and find the TAC for first firm

• 90

• 60

• 12

• 6

• 5

Let MD=5E and MAC=160-5E. If standard is 20 tons, calculate the net social gain

• 1200

• 2100

• 1002

• 2001

• 2010

Let MD=6E and MAC=160-2E. If standard is 20 tons, calculate the net social gain

• 14400

• 10440

• 44100

• 40140

• 10044

Let MD=6E and MAC=160-4E. If standard is 20 tons, calculate TD

• 1200

• 160

• 120

• 20

• 6