Question

In: Economics

Suppose there is a river on which are located several microbreweries, each of which discharges...

Suppose there is a river on which are located several micro breweries, each of which discharges pollutants into the water. Suppose somebody invents a new technology for treating this waste stream. If adopted by the breweries, the technology could substantially reduce emissions. What are the impacts of this invention on? [8 marks]

  1. The actual level of emissions.


  1. The efficient level of emissions.

Explain and use a diagram to support your answer.

Solutions

Expert Solution

Introduction-

The actual level of emission done prior was adversely effecting the environment as discharged sent to sea was not properly treated but however with better Technology the discharged now is being treated so environment will not be damaged as such

Explaination -

  • a) Though both are almost similar but as asked the ACTUAL LEVEL OF EMISSION done prior will be seen on the upper graph the shaded area on right depicts ,the higher pollution level ; i.e. when the water was not treated before discharging the polloution level was on right of e* on X axis that shows more of emission as we go farther on axis
  • However when the Technology improves ,the IMPACT IS - the equilibrium will move back to E on e* which is optimum or Efficient level of emission as marginal cost and benefit intersect here as better technology has reduced the income level as now treated water is discharged : in lower graph E is equilibrium of Efficient level of emission at e*

Sir/ Mam ,kindly please rate the answer and do feel free to ask in case of doubt


Related Solutions

Suppose there is a river on which are located several paper mills, each of which discharges...
Suppose there is a river on which are located several paper mills, each of which discharges pollutants into the water. Suppose somebody invents a new technology for treating this waste stream that, if adopted by the pulp mills, could substantially diminish emissions. What are the impacts of this invention on (a) the actual level of emissions and (b) the efficient level of emissions?
A paper mill discharges chemicals into a river which pollutes the shores of a downstream resort...
A paper mill discharges chemicals into a river which pollutes the shores of a downstream resort area. The private marginal cost, social marginal cost, and marginal benefit associated with the production of paper are given by the following equations: MCP = 5 + Q MCS = 10 + 2Q MB = 35 - 0.5Q The marginal social cost at the competitive free-market equilibrium is a) 5 b) 25 c) 20 d) 10 e) 50
Wastewater plant discharges effluent in river from the center. Characteristics of River and wastewater is given...
Wastewater plant discharges effluent in river from the center. Characteristics of River and wastewater is given in Table below. Velocity of River V= 10 cm/s, After intial mix, Dissolved-oxygen concentration C0 = 9.5 mg/L, Saturation Dissolved-oxygen concentration at 15 C Cs= 11 mg/L, Deoxgenation rate at 20 C k1,20 = 0.55 per day, Reoxgenation rate at 20 C k2,200= 0.85 per day Temperature of River Tr=12 C BOD load L0=25 mg/L How long (in days) it takes to reach DO...
Maximum instantaneous discharges of a river from 1926 to 1951 are given in Table. First, determine...
Maximum instantaneous discharges of a river from 1926 to 1951 are given in Table. First, determine average, variance, skewness, PDF and CDF of this time-series. Secondly, fit probability distributions of exponential, normal and Pearson and find out which one is the better. Calculate the flood discharges during the next 5, 10 and 50 years. Q value: 190.46 / 258.94 / 178.57 / 383 / 424 / 83.48 / 244.79 / 314.13 / 179.99 / 390.54 / 1132 / 288.66 /...
An industrial plant discharges water into a river. An environmental protection agency has studied the discharged...
An industrial plant discharges water into a river. An environmental protection agency has studied the discharged water and found the lead concentration in the water (in micrograms per litre) has a normal distribution with population standard deviation σ = 0.7 μg/l. The industrial plant claims that the mean value of the lead concentration is 2.0 μg/l. However, the environmental protection agency took 10 water samples and found that the mean is 2.56 μg/l. A hypothesis test is carried out to...
You own a house worth $400,000 that is located on a river. If the river floods...
You own a house worth $400,000 that is located on a river. If the river floods moderately, the house will be completely destroyed. This happens once every 50 years. If you build a seawall, the river would have to flood heavily to destroy your house, which happens once every 200 years. What would be the annual premium for an insurance policy that offers full insurnace? For a policy that pays only 75% of the home value, what are your expected...
An agricultural runoff diversion system discharges into a small river. The runoff has thefollowing characteristics: flow...
An agricultural runoff diversion system discharges into a small river. The runoff has thefollowing characteristics: flow = 100 m3/min, DO = 3 mg/L, and BOD = 150 mg/L. The riverflows at1000 m3/min and has zero BOD and 9 mg/L of DO. Given that saturation DO is 9.5mg/L, kd is 0.4 day-1, and the ka is 0.7 day-1, calculate the DO and BOD remaining in the stream1.5 days after the discharge event.
The city of Imaginopolis, which is located near White River, has an elaborate system of levees...
The city of Imaginopolis, which is located near White River, has an elaborate system of levees to protect the city from flooding during high-water events. The levees were built over 50 years ago and many of them are showing signs of structural distress. Using a systems perspective, how would you draw up a program to rehabilitate the levee system under budgetary constraints over a 5-year period?
A steel mill located along a river. Its production pollutes the river and damages some fishermen...
A steel mill located along a river. Its production pollutes the river and damages some fishermen downstream. i. Draw a graph of the market for steel that illustrates this situation ii. Discuss two solutions with the help of your graph
Research indicates that chemical industries located along a river discharge highly toxic effluents into the river...
Research indicates that chemical industries located along a river discharge highly toxic effluents into the river in your country. This pollutes the river water and contaminates fisheries resources for which the industries do not compensate for the reduced quality of the river water and fisheries losses. If you are a high-ranking government official with an expertise in environmental economics, what different methods will you consider to apply to address the issue? Give an international example to show that the effluents...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT