EIB2004/EIF2002 Environmental Economics with Assoc. Prof. Dr. Santha Chenayah
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Questions and Answers

What is the main purpose of creating awareness on environmental issues?

  • To educate and inform the public (correct)
  • To increase social media followers
  • To reduce the number of assignments
  • To obtain approval on topics
  • What is a key requirement for each GROUP in this assignment?

  • To participate in #cature2023 event
  • To post on Instagram regularly
  • To attend weekly presentations
  • To submit a 10-page report (correct)
  • Which event focuses on saving water according to the provided information?

  • #environmentaleconomicsg8 – REnergy
  • #flooddefenders – flood management
  • #cature2023 – save water (correct)
  • #greendays0331 - 3R
  • What is the significance of the Proposal Presentation scheduled in Week 7?

    <p>To present the group's proposal</p> Signup and view all the answers

    Which social media hashtag is related to waste disposal?

    <p>#wastedisposables_23 – waste disposal</p> Signup and view all the answers

    What is the main focus of the #greendays0331 - 3R event?

    <p>3R principles</p> Signup and view all the answers

    What activity is associated with #flooddefenders according to the information provided?

    <p>#flooddefenders – flood management</p> Signup and view all the answers

    Why is the Final Examination an important component of EIB2004 and EIF2002?

    <p>To assess understanding through essays</p> Signup and view all the answers

    Which of the following is NOT a social media hashtag associated with environmental issues?

    <p>#ecomobolizer – #breathingeasy23 - Pollution</p> Signup and view all the answers

    Why is the DD curve considered inelastic when it is at the lower end?

    <p>Because a small change in price leads to a small change in quantity demanded.</p> Signup and view all the answers

    What is the relationship between marginal revenue (MR) and the elasticity of demand?

    <p>MR is inversely proportional to elasticity of demand.</p> Signup and view all the answers

    Why would a rational monopolist choose not to produce on the inelastic part of the DD curve?

    <p>Because it would result in a decrease in total revenue.</p> Signup and view all the answers

    At what output level would a rational, profit-maximizing monopolist choose to produce?

    <p>Where MR = MC</p> Signup and view all the answers

    When is the DD curve considered elastic?

    <p>When Ed is less than -1</p> Signup and view all the answers

    What does a negative value of MR indicate for a monopolist?

    <p>A decrease in total revenue</p> Signup and view all the answers

    Why would a monopolist avoid producing at an output level with negative MR?

    <p>It results in reduced total revenue.</p> Signup and view all the answers

    What is the significance of producing at an output level where MR = MC for a monopolist?

    <p>It maximizes profits.</p> Signup and view all the answers

    In which part of the demand curve does a rational, profit-maximizing monopolist prefer to produce?

    <p>Elastic portion</p> Signup and view all the answers

    What would be the consequence of producing at an output level with negative MR for a rational monopolist?

    <p>Decrease in total revenue</p> Signup and view all the answers

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