8. just need the correct options for both. thats it! thanks! When the research l

Question

8.

just need the correct options for both. thats it! thanks!

When the research lab uses the recycling method, the campground earns $1.800-$1,000= $800 more per week than it does with no recycling. Therefore, the campground should be willing to pay up to $800 per week for the research lab to recycle water. However, the recycling method decreases the research lab's economic profit by $2.000-$1,500= $500 per week. Therefore, the research lab should be willing to use the recycling method if it is compensated with at least $500 per week. Suppose the campground has the property rights to the river. That is, the campground has the right to a clean (unpolluted) river. In this case, assuming the two firms can bargain at no cost, the research lab will the recycling method and will pay the campground per week. Now, suppose the research lab has the property rights to the river, including the right to pollute it. In this case, assuming the two firms can bargain at no cost, the research lab will week. the recycling method, and the campground will pay the research lab per The campground will make the most economic profit when True or False: The research lab will use the recycling method, regardless of who has the property rights True False Grade It Now Save & Continue Continue without saving

Explanation / Answer

8.

1) not use the Recycling method ; pay $ 800 per week

2) use the Recycling method; pay $ 500 per week

3) Property right is in favor of campground

4) False

9. Charities

Under this situation, negative externality is internalized by non profit organisation, which is a charity.

Provide drop down option for last blank.

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