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Hello, see the attached with the corrections as requested. Confirm and if you need help with the edits, I will be here to assist. Otherwise, goodbye
Running head: ENERGY ECONOMY
Example 2 on ppt-007
Suppose the state is trying to decide how many miles of a very scenic river it should preserve.
There are 100 people in the community, each of whom has an identical inverse demand function
given by p = 10 - q, where q is the number of miles preserved and p is the per mile price he or
she is willing to pay for q miles of preserved river.
(a) If the marginal cost of preservation is $500 per miles, how many miles would be preserved
in an efficient allocation?
Since this is a public good, it adds 100 to demand curve vertically to give P = 1000-100q. The
given demand curve would intersect with the marginal cost Curve where P=500, at the point
where q=5 miles.
(b) How large are the net benefits?
The benefits will be = ½ (1,000-500) * 5
Determination of car that is cleaner in emission of CO2
Tesla electric car emits less than one hundred and twenty grams of carbon dioxide per kilometer.
However, at the production site when making 100kwh battery, amount of carbon dioxide emitted
is 17.5 tons (Tesla, 2018...