Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Finish these two questions step by step

1. Plastic grocery bags are nowadays a growing problem in the world, bags now are everywhere including the oceans where wildlife strange, choke and make the animals to die due to its consumption. They are cheap to produce and its durability is long. Let's suppose that an environmentally friendly company comes up with a substitute bag which is even cheaper to produce (therefore can sell it at a cheaper price), it is biodegradable and can be composted within days for its use in gardens and agriculture.

Given this information, answer the following questions:

a) A) Explain what would be the changes in the demand (curve) for this plastic bag substitute, assuming changes in the supply curve will remain constant. (Hint: is it a movement along the demand line, a shift? please explain the mechanism)

B) Given the situation in A) explain the new market conditions for this new bag in terms of price and quantity demanded.

2. It is well known that Environmental problems are modeled as market failures using Public goods and externality theories. What are the conditions needed to use the Public good theory, and what are the conditions to use the externality theory? Please differentiate them.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M91949428
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Business Management

Consider the ip rights to the information in the design

Consider the I.P. rights to the information in the design, manufacturing and advertising of a wireless computer modem. For those of you who are not sure what that is, if you have a WiFi network set up at home or in your ...

Can anyone please describe how the quicksort works

Can anyone please describe how the quicksort works including a discussion of the pivot. Also how it is selected, and why the pivot is important to the quicksort.

Johnson industries received a contract to develop and

Johnson Industries received a contract to develop and produce four high-intensity long-distance receiver/transmitters for cellular telephones. The first took 2,200 labor hours and $40,000 worth of purchased and manufactu ...

Match the types of control and tools for controlling1

Match the types of control and tools for controlling. 1) Feedback control 2) Concurrent control 3) Precontrol is 4) Budgets, performance reports, and personal observation are A.occurs while the work is taking place. B.fo ...

Aligning staffing systems with organizational strategyfirst

Aligning Staffing Systems with Organizational Strategy First, consider your firm's (Walgreens Pharmacy) orientation in regards to the Miles and Snows framework. How will the firm retrain, hire staff, or outsource to meet ...

1a how are your strengths and weaknesses in self-management

1.(a) How are your strengths and weaknesses in self-management impacting your work performance and relationships with co-workers and consumers and List one step you can take to improve your self-awareness.? (b) How are y ...

Puneet is a member of a student project team in her

Puneet is a member of a student project team in her Organizational Behavior class. In order to assess the extent to which her team is cohesive, she should ask which of these questions?

What is the difference between direct supplier and direct

What is the difference between direct supplier and direct seller, and who is Costco direct supplier and direct seller?

What would be examples of valid selection methods used by

What would be examples of valid selection methods used by the human resource department to ensure selecting the appropriate candidate for a job.

Your student association at the college has decided to open

Your student association at the College has decided to open a comedy club on campus. The association has secured a loan of $100,000 to finance the planning and initial operation of the club, but its members have little e ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As