Question

In: Economics

For both of the following cases, explain which method of environmental valuation (benefit estimation) you would...

For both of the following cases, explain which method of environmental valuation (benefit estimation) you would recommend. Be sure to justify your choice of method, and describe briefly how the method works in the specific situation.

(a) A proposal to clean up an abandoned hazardous waste site in a Brisbane neighbourhood.

(b) An evaluation of the cleanup of an oil spill in a pristine, remote, unvisited coastal area.

Solutions

Expert Solution

​​

Pending answer for part "b"

Besides these three methods the are also some more methods which are as: Burning in-situ , Using Dispersants, Hot water and high pressure washing, using manual labour, bioremediation and chemical stablization of oil by elastomizers.all these methods are successful in cleaning up oil spills in Pristine,remote, and unvisited coastal areas.

As you have asked in question for brief explanation that is why i didn't explain all these methods.

One more thing i apologize for same picture uploaded two times due to technical error.

Hope you got your answer..if you need some more information about your question feel free to ask.. thank you and best of luck.

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

In which cases would an organization benefit from using direct and indirect price discrimination?
In which cases would an organization benefit from using direct and indirect price discrimination?
In which of the following cases would you be able to predict with certainty the change...
In which of the following cases would you be able to predict with certainty the change in the equilibrium price? There is more than one answer to this question. You must mark all of the correct answers to receive full credit for this question. There is a decrease in demand. There is a decrease in demand and an increase in supply. There is an increase in demand and an increase in supply. There is an increase in supply. There is...
Determine the survey method that would be best suited in each of the following cases and...
Determine the survey method that would be best suited in each of the following cases and briefly state why. A researcher would like to obtain the views of senior management in a large organisation on the kind of issues that may be included in the new organisation bulletin called Newsflash.                                                                                     
In which cases would an organization benefit from using direct and indirect price discrimination? Does market...
In which cases would an organization benefit from using direct and indirect price discrimination? Does market structure influence the capacity of the firm to use price discrimination?
In which cases would an organization benefit from using direct and indirect price discrimination? Does market...
In which cases would an organization benefit from using direct and indirect price discrimination? Does market structure influence the capacity of the firm to use price discrimination?
In which cases would an organization benefit from using direct and indirect price discrimination? Does market...
In which cases would an organization benefit from using direct and indirect price discrimination? Does market structure influence the capacity of the firm to use price discrimination?
1. Explain in which cases the mass determination method is used: (a) through the interaction of...
1. Explain in which cases the mass determination method is used: (a) through the interaction of bodies (b) by means of the balance. 2. What does it mean that the mass of a body has the additive property?
Given a nominal interest rate of 6 percent, in which of the following cases would you...
Given a nominal interest rate of 6 percent, in which of the following cases would you earn the lowest after tax real rate of interest? a) inflation is 4 percent, the tax rate is 5 percent. b) inflation is 3 percent , the tax rate is 20 percent. c) inflation is 2 percent, the tax rate is 30 percent. d) The after tax real interest rate is the same for all of the above.
In which of the following cases would it not be appropriate to use ?t procedures to...
In which of the following cases would it not be appropriate to use ?t procedures to make inferences about ?μ using ?¯x¯ ? We have a sample of size ?=20 and x has a right‑skewed distribution with an outlier. We have a sample of size ?=8 and x has a Normal distribution. We have a sample of size ?=60 and x has a right‑skewed distribution with no outliers. We have a sample of size ?=20 and x has a Normal...
In the Exxon Valdez oil spill, which severely affected the wildlife population, explain which valuation method...
In the Exxon Valdez oil spill, which severely affected the wildlife population, explain which valuation method would be ideal, to arrive at the total compensation that Exxon should have been charged with. Explain in detail the reason for your choice and the possible limitation of the method you have chosen
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT