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Question 1 Answer saved There are two consumer groups who consume a park: Consumer Group 1 and Consumer Group 2. The marginal cost to provide the park is $3 per hectare. Assume there are no fixed costs. Marked out of Consumer Consumer 6.00 Hectares of Group 1 Group 2 Remove flag Park MWTP MWTP $7 $6 2 $6 $5 3 $5 $4 4 $4 $3 5 $3 $2 6 $2 $1 Using the above information and table, complete the below statements, filling in your final, complete answer in the space provided to the right of the statement. Do not show your work or calculations. 7 If this is a public park, a.) the value of the first hectare of this park is equal to 13 b.) the socially-efficient size of this park is equal to 6 + --. c.) the MWTP at the socially-efficient outcome is equal to d.) the total value of this park at the socially-efficient outcome is equal to 48 e.) the total cost to provide the socially-efficient outcome is equal to 18 f.) the net benefit of this park at the socially-efficient outcome is equal to 30Question 2 Econoland is looking at improving its waterfront and has three possible projects: Project A, Project B and Project C. Currently they are using a discount rate of 25 % in their analysis. You have been asked to assist them with their analysis. Not yet answered Year 2 3 Total benefits Marked out of 4.00 Project A 80 10 10 100 Flag Project B 50 25 25 100 question Project C 60 40 0 100 Using the above information and table, complete the below statements, filling in your final, complete answer in the space provided to the right of the statement. Do not show your work or calculations. 7 TY Ff E # SX'S a.) The present value of Project A is equal to b.) The present value of Project B is equal to c.) The present value of Project C is equal to d.) Based on your analysis, you would recommend Project Previous page Next pageQuestion 3 There are two firms using a lake in a small town. Firm A dumps its emissions into the lake. Firm B uses the lake water as an input in its production process. Not yet answered The below figure illustrates the MAC and MD curves for Firm A and Firm B. Assume that polluters are liable for any damages they inflicts on pollutees. Marked out of 8.00 Flag question Using the above information and figure, complete the below statements, filling in your final, complete answer in the space provided to the right of the statement. Do not show your work or calculations. 7 A BIT FFY E # a.) At E = e1, total abatement costs for Firm A are equal to b.) At E = e1, total damages for Firm B are equal to c.) At E = e1, total costs for the polluter are equal to d.) At E = e1, total costs for the pollutee are equal to e.) At E = 0, total abatement costs for Firm A are equal to f.) At E = 0, total damages for Firm B are equal to g.) At E = 0, total costs for the polluter are equal to h.) At E = 0, total costs for the pollutee are equal toQuestion 6 Below is information for Good B. Note that there are external costs due to the production of this good. Not yet answered Quantity MWTP Privatel Marginal Social Marked out of MC external MC 4.00 costs Flag Q1 $12 $4 $4 question Q2 10 6 A 10 Q3 8 8 4 12 Q4 6 10 4 14 Q5 4 12 4 16 Using the above information and table, complete the below statements, filling in your final, complete answer in the space provided to the right of the statement. Do not sho 7 A B I J . TY Ff E # S'S a.) If only private costs are considered, the equilibrium price of Good B is b.) If only private costs are considered, the equilibrium quantity of Good B is c.) If all costs are considered, the equilibrium price of Good B is d.) If all costs are considered, the equilibrium quantity of Good B is
