econ 2100 test 2 dinkar with
complete verified solutions
hedonic price method - answer a good or service can be values for
characteristics it possesses
averting expenditure example - answer air purifier
the damage function method estimates all aspects of incremental benefits
(T/F) - answer False
damage function menthod - answer measures benefits based on a technical
relationship between an environmental containment and its observed
damages
averting expenditure method - answer uses changes in spending on goods
that are substitutes for environmental quality to measure willingness to pay
existance value example - answer if an individual derives utility from the
preservation of an endangered species
the market price of a house depends on several attributes including the
environmental quality around the house, so the environmental quality has a -
answer implicit price
Capital Cost - answer does not vary based on the amount of abatement
the incremental cost of a policy is the difference between the total social cost
after the policy and the total social cost before the policy (T/F) - answer true
complete verified solutions
hedonic price method - answer a good or service can be values for
characteristics it possesses
averting expenditure example - answer air purifier
the damage function method estimates all aspects of incremental benefits
(T/F) - answer False
damage function menthod - answer measures benefits based on a technical
relationship between an environmental containment and its observed
damages
averting expenditure method - answer uses changes in spending on goods
that are substitutes for environmental quality to measure willingness to pay
existance value example - answer if an individual derives utility from the
preservation of an endangered species
the market price of a house depends on several attributes including the
environmental quality around the house, so the environmental quality has a -
answer implicit price
Capital Cost - answer does not vary based on the amount of abatement
the incremental cost of a policy is the difference between the total social cost
after the policy and the total social cost before the policy (T/F) - answer true
