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 (C)</p> Signup and view all the answers

Which social media hashtag is related to waste disposal?

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

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

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

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

<p>#flooddefenders – flood management (B)</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 (D)</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 (D)</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. (D)</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. (D)</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. (B)</p> Signup and view all the answers

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

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

When is the DD curve considered elastic?

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

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

<p>A decrease in total revenue (D)</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. (D)</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. (A)</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 (A)</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 (A)</p> Signup and view all the answers

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