what to do about global warming

 

 

 

 

This case study illustrates the variety of issues with which managerial economics is concerned. The following questions arise: 1. Is there a problem to be addressed? 2. Is there a solution or solutions to the problem, in terms of strategies or course of action that can be taken? 3. What objective or objectives can be defined for these strategies? 4. What constraints exist in terms of operating any strategies? 5. How can we identify strategies as solutions to the problem? 6. How can we evaluate these strategies in terms of costs and benefits, particularly when these involve life and health? 7. What is the best way of measuring the relevant variables? 8. What assumptions should be made in our analysis?