Why do you suppose that some observers have called for requiring installation of devices that would enable governments to monitor households' energy consumption?

Short Answer

Expert verified

A government developed different energy efficiency promotions and curriculum to accomplish this objective.

Step by step solution

01

Introduction

Filled to the brim personnel designed emissions trading system in managing residential power spending. by shifting price of electricity. States can lower household fuel use by compelling buyers to shop fuel products so at place of sales. That administration having agreed to create organizations and essentially convey services to users through millennia. on device power consumption also, in certain circumstances, to just provide rebates to consumers who purchase electricity roach.

02

Given Information

Vitality is also used in residences for one number of functions, like heating purposes, chilling, eating, illumination, and electrical but a a sprinkling of many miscellaneous pleasures.

03

Explanation

This same internal energy demanded is varied as to whether or not buyers were using the merchandise. The preceding electricity consumption categories avoidance techniques claimed to be intended to help individuals buy merchandise during a resource style. A government developed different energy efficiency promotions and curriculum to accomplish this objective.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Take a look at Figure 31-2. Suppose that initially, society experiences a degree of air cleanliness that is lower than Q0. What would be true of the marginal benefit in relation to the marginal cost, and why would this fact induce society to increase the degree of air cleanliness toward Q0?

The following table gives hypothetical annual total costs and total benefits of maintaining alternative populations of Asian elephants.

a. Calculate the marginal costs and benefits, and draw marginalbenefit and cost schedules.

b. Given the data, what is the socially optimal world population of Asian elephants?

c. Suppose that two events occur simultaneously. Technological development allows machines to do more efficiently much of the work that elephants once did, which reduces by \(10million the marginal benefit of maintaining the elephant population for each 7500increment in the elephant population. In addition, new techniques for breeding, feeding, and protecting elephants reduce the marginal cost by\)40million for each 7500increment in the elephant population. What is the new socially optimal population of Asian elephants?

Contrast the roles of private and common property rights in problems such as the fates of endangered species

One possible method for reducing emissions of greenhouse gases such as carbon dioxide is to inject the gases into deep saltwater-laden rock formations, where they would be trapped for thousands of years. Suppose that the federal government provides a fixed per-unit subsidy to firms that utilize this technology in West Virginia and other locales where such rock formations are known to exist.

a. Consider the effects of the government subsidy on the production and sale of equipment that injects greenhouse gases into underground rock formations. What happens to the market clearing price of such pollution abatement equipment?

b. Who pays to achieve the results discussed in part (a)?

The following table gives hypothetical annual total costs and total benefits of maintaining alternative populations of Asian elephants.

a. Calculate the marginal costs and benefits, and draw marginal benefit and cost schedules.

b. Given the data, what is the socially optimal world population of Asian elephants?

c. Suppose that two events occur simultaneously. Technological development allows machines to do more efficiently much of the work that elephants once did, which reduces by \(10million the marginal benefit of maintaining the elephant population for each 7,500increment in the elephant population. In addition, new techniques for breeding, feeding, and protecting elephants reduce the marginal cost by \)40million for each 7,500increment in the elephant population. What is the new socially optimal population of Asian elephants?

See all solutions

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free