supply and demand (Australian and overseas) for Australian honey and the positive externality in production in this market

“”If the bee disappeared off the surface of the globe then man would only have four years of life left. No more bees, no more pollination, no more plants, no more animals, no more man.” There is some debate about who actually made this remark. It is often attributed to Albert Einstein, but few scientists now believe this doomsday scenario will actually happen. Nevertheless, the apocalyptic vision is an indication of how important honeybees are to the world’s agricultural economy. It is estimated a third of the food we eat is pollinated by bees.”

In this assignment, you need to discuss the market for honey and the role of bees in Australia using externality theory. First, find out where honey (beekeeping) is produced in Australia. Summarise this. Then, find out which countries import Australian honey. (Hint: You may like to use a map of the world).
Summarise this.

Discuss what you have found out about the supply and demand (Australian and overseas) for Australian honey
and the positive externality in production in this market.

Then, draw a correctly labelled supply and demand diagram to show this market with the externality (Hint: draw
this diagram in MS Powerpoint using the draw tool, then copy and paste into your MS Word document). Explain
your diagram.

Finally, given the positive externality in production, suggest one way that commercial beekeepers can be
encouraged to produce the optimal amount of honey. Explain your answer.

For a custom-written paper, place your order now!

What We Offer
• On-time delivery guarantee
• PhD-level professionals
• Automatic plagiarism check
• 100% money-back guarantee
• 100% Privacy and Confidentiality
• High Quality custom-written papers

Unlike most other websites we deliver what we promise;

  • Our Support Staff are online 24/7
  • Our Writers are available 24/7
  • Most Urgent order is delivered with 6 Hrs
  • 100% Original Assignment Plagiarism report can be sent to you upon request.

GET 15 % DISCOUNT TODAY use the discount code PAPER15 at the order form.

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total: