Subtle Em.... Emphasis Intense E... Strong Quote Intense Q... Subtle Re...Intens

Question

Subtle Em.... Emphasis Intense E... Strong Quote Intense Q... Subtle Re...Intense ...Book Title Styles Excluding the most toxic examples, explain in one sentence why it is not socially optimal to restrict all potentially hazardous emissions to zero. Use an example in your answer. 6. 7. If a price floor is set for milk, (highlight one: too much/too little) milk will be produced relative to the market-determined quantity 8· 'f a well-informed person usesalarge discount rate whent com esto decisions about energy saving devices, le. they do not value future energy savings very much, they are (highlight one: more likely/less likely) to invest in such devices If the decision of the person in Question 8 is to not invest in energy-saving devices, would you call this a marketfailure? (Highlight one: Yes/No) 9. ntion if any should he

Explanation / Answer

Answer : 7. If price floor is set for milk, too little milk will be produced relative to the market-determined quantity.

Let there was excess supply at a lower price. Price floor prevents the price to fall below a certain point. Therefore, after price floor setting the price will rise and maintain a minimum price level as a result excess supply decrease.

8. If a well-informed person uses a large discount rate when it comes to decisions about energy saving devices,i. e., they do not value future energy savings very much , they are more likely to invest in such devices. Because person uses more energy .

8. If the decision of the person in Question 8 is to not invest in energy saving-devices , this is called market failure . Because in market failure one person has better off without making anybody worse off. In this case if the person not invest on energy uses then energy is saved for future uses. This means future use has better off without making anybody worse off.

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