Answer Happy

SECTION B: Question 6. The giant Lakeside Energy from Waste (EfW) plant near Colnbrook, in the Borough of Slough, burns rubbish collected from 12 neighbouring local authorities. The average price of a three-bedroom semi-detached house in the Colnbrook area was £380,000 in September 2020. The average price for a similar property in Old Windsor, which does not have such an incinerator, was £530,000 over the same period. What can the difference in price between these two properties in the two neighbouring localities tell us? (9 marks) Question 7. A radio receiver allows the owner to listen to public radio broadcasts, which is funded mainly by donations. a) is a public radio broadcast excludable or non-excludable? Is it rival in consumption or non-rival? What type of good is it? (3 marks) b) Should the government support public radio? Why? (3 marks) c) In order to finance itself, public radio decides to only transmit to satellite radios, for which users have to pay a fee. What type of good is public radio now? Will the quantity of public radio listening be efficient? Why? (3 marks) Question 8. a) What is peak oil? (2 marks) b) Why do you think we may not have seen it yet? (3 marks)