Question

What are the economic costs of the externalities caused by air toxins. (In the News "Air Pollution Kills") beach closings, or thermal pollution (In the News "Cut the Power to Save the Fish)? How would you measure their value? Should we try to eliminate all pollution? What economic considerations might favor permitting some pollution?

Answer 1

ANSWER: Generally externalfles is the cost that affects the other parties who didn't Opt to incur that particular cast → several activities of Industries and also vehpde pollution releases apt toxins which need real costs, also can be measured by the imperial heath, reduced life span and also varous other damages therefore the actual economic cost of suen externalities is the money used in treatment of such damages and also money spent for protecting onself. > Beauch closings are tauking place due to the dumping of waste of animals and humans in water. This type of externality taking place can be avoided with the help of good sewage treatment facilities. Hence the economic costs of such externality must be boone by the people who swim in popvate swimming pools and also those who spends time in popvate places, clubs paroks, recreation areas. > yes, we must try to eradicate the au types of pollutions such as water arr, son, sound etc.. because the life of living beings will be better

without the pollution. Those were several different and separate devices for measuring apps, sopi, water, Sound pollutiong. For example MULTI PARAMETER Water Quality meters are present for measuring the mearly thirteen parameters of water: - As there is a presence of externality this implies social cost is greater than that of the private cost. costs of these externalities can be estimated by comparing theft private and assocpated Social cost. And the difference of this will be al measure of the value of the externality created.