Suppose Unregulated Production of Pesticides Results in an Equilibrium Price

question 10

Essay

Suppose unregulated production of pesticides results in an equilibrium price and quantity of $400 and 1,000 tons per day,respectively,and a marginal external cost of $10 a ton.
a.If the government were to eliminate the external cost by using pollution charges,what should the pollution charge be set at?
b.If the government were to eliminate the external cost by using taxes,what should the tax equal?
c.Would the government actions described above affect the quantity of pesticides produced? If yes,how? If no,why not?

Understand the limitations and challenges of market-based solutions to environmental problems.

Recognize the socio-political dynamics affecting environmental policies and practices, particularly in marginalized communities.

Analyze the role of political pressure and movements in environmental policy changes.

Identify the global disparity in responsibility and impact regarding environmental damage.

---

Definitions:

Procedural Memory

Procedural memory involves the long-term memory of how to perform different actions and skills, essentially knowing "how" to do things, operating mostly at an unconscious level.

Long-Term Memory

A type of memory capable of storing an unlimited amount of information for periods ranging from a few days to a lifetime.

Declarative Memory

The aspect of human memory that involves the recall of facts and events.

Sexual Abuse

A form of maltreatment involving non-consensual sexual activities imposed on one person by another.