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

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

To educate and inform the public

What is a key requirement for each GROUP in this assignment?

To submit a 10-page report

Which event focuses on saving water according to the provided information?

#cature2023 – save water

What is the significance of the Proposal Presentation scheduled in Week 7?

To present the group's proposal Signup and view all the answers

Which social media hashtag is related to waste disposal?

#wastedisposables_23 – waste disposal Signup and view all the answers

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

3R principles Signup and view all the answers

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

#flooddefenders – flood management Signup and view all the answers

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

To assess understanding through essays Signup and view all the answers

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

#ecomobolizer – #breathingeasy23 - Pollution Signup and view all the answers

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

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

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

MR is inversely proportional to elasticity of demand. Signup and view all the answers

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

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

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

Where MR = MC Signup and view all the answers

When is the DD curve considered elastic?

When Ed is less than -1 Signup and view all the answers

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

A decrease in total revenue Signup and view all the answers

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

It results in reduced total revenue. Signup and view all the answers

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

It maximizes profits. Signup and view all the answers

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

Elastic portion Signup and view all the answers

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

Decrease in total revenue Signup and view all the answers