Nuriye owns 6 barrels of toxic waste. She can store the barrels underground or in her yard, but storing them underground is more expensive, so Nuriye’s storage cost is 3(6 − B)^2 dollars if she stores B barrels in her yard. However, while burying the barrels underground is entirely safe, they leak if they are stored above ground (in her yard), which damages the tomatoes grown by her neighbor, Taylan. Taylan sells his tomatoes at the competitive price of pT = 24 and his costs of producing T tomatoes is CT (T, B) = (T + B) 2 , where B is the number of barrels in Nuriye’s yard.

(a) If Nuriye and Taylan each choose individually, how many barrels, B, does she keep in her yard and how many tomatoes, T, does Taylan grow? (

b) If Nuriye and Taylan are the only people that matter, what is the socially optimal values of B and T?

(c) Suppose Taylan is given the right to clean soil and he requires Nuriye to pay him for every barrel she wishes to store above ground. Assuming Taylan and Nuriye can negotiate without cost, what are the equilibrium values of B and T, and what is the price that Nuriye must pay Taylan for each barrel she stores in her yard?

(d) Because Taylan’s right to clean soil means that Nuriye must pay him so much to store barrels in her yard, Nuriye invests in finding a cheaper way to store barrels underground, so that her cost function is now 2(6 − B) 2 . Find the new equilibrium B and T, as well as the price Nuriye will pay Taylan per barrel.

(e) Briefly Explain how the assignment of property rights gives Nuriye the incentive to innovate new, cleaner technologies. To receive full credit, calculate how much money Nuriye saves from innovating both when Taylan has the right to clean soil and when no property rights are assigned (and compare the two figures).

Compose a 3000 words essay on Systematic Approach to Higher Education Administration. Needs to be plagiarism free!

This discussion stresses that&nbsp.the administration of regional institutions that offer higher education must be approached systematically in order to realize the most desirable results. Further, decentralizing education in the context of establishing regional institutes of higher education largely contributes to regional development. A systematic approach that brings institutes of higher education together with regional stakeholders such as local government, organizations of social development and industries facilitates the alignment of teaching, civic engagement and research with regional development strategies.According to the study findings the process of systems thinking will entail developing models that promote how events are understood and the behavioral patterns that result in such events as well as the underlying structures that are responsible for such behavioral patterns. In that perspective, this paper will explore the viability of developing an international campus in Canada for the University of Wyoming. The focus will be on state and institution governance structure and interrelationships and intra-relationships among the structures that govern the institution. It will further discuss the governance structure for the Canadian campus and the major legal and regulatory issues relevant to the expansion as well as budgetary and policy considerations at the regional, local and institutional levels.