please give all the answers. dont need explanations too muchHomework Answers
23. B
C+D is the area of deadweight loss
With negative externality, the quantity of good has decreased leading to the are C+D being lost
24. D
A good is said to be non-excludable if no one can be excluded from the use of it while someone else is using it. Radio is an example, at the same time anyone can tune in to it
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please give all the answers. dont need explanations too much
Marginal social cost Marginal private cost...
please give all the answers. dont need explanations too much 14. If a market is in...
please give all the answers. dont need explanations too much
14. If a market is in equilibrium, then we know that price equals marginal cost because a. the market demand curve reflects marginal cost. b. marginal cost never changes. c. the market supply curve reflects marginal cost. d. every firm has the same costs. e. firms are required by law to equate marginal cost to price. 15. A positive externality raises a. marginal social benefits above marginal private benefits. b....
please give all the answers. dont need explanation too much 19. If government uses taxation to...
please give all the answers. dont need explanation too much
19. If government uses taxation to correct for negative externalities, the desired consequence is a, a decrease in the quality of the good produced. b. an increase in the quantity of the good produced and consumed. c. a raise in revenue that can be used to provide subsidies to consumers. d. a decrease in the quantity of the good produced and consumed. e. increased revenue. 20. Which of the following...
please give all the answers, dont need explanation too much 7. Goods that exhibit nonrivalry and...
please give all the answers, dont need explanation too much
7. Goods that exhibit nonrivalry and nonexcludability are called public goods. a. True b. False Indicate the answer choice that best completes the statement or answers the question. 8. In a market, buyers and sellers are coordinated through a. the government. b. the information about price. c. personal communication with each other. d. information gained from outside the market. e. collective bargaining in large groups. 9. The change in a...
Need answers ASAP please! 11. Which of the following is an example of a negative extemaliy...
Need answers ASAP please!
11. Which of the following is an example of a negative extemaliy A. A gold mine discharges arsenic into a natural lake B. A paper mill discharges raw chemical waste insto a river C. Excessive cutting of wood resources by logeing D. All of the above. 12. The Tragedy of the Commons occun A. a common resource is rival in consumption and nonescludable occurs because B. a common resource is underutilized C. crimes are committed in...
Suppose the demand (i.e. the private marginal benefit) for industrial grade stink bombs is given by...
Suppose the demand (i.e. the private marginal benefit) for industrial grade stink bombs is given by P=300-2Q and supply (i.e. the private marginal cost) for is given by P=Q. Also, suppose that the marginal external damage of consuming this product is $60 per stink bomb. a. What is the equilibrium quantity of stink bombs sold and consumed? b. What is the socially optimal equilibrium quantity of stink bombs sold and consumed? c. Considering your answers to (a) and (b), are...
Problem 2: Externality Consider the market for education. The marginal social cost of education (MSC) and...
Problem 2: Externality Consider the market for education. The marginal social cost of education (MSC) and the marginal private benefit of education (MPB) are given by the following equations where Q is the number of units of education provided per year. MSC 10+ Q MPB 100-Q You are also told that each unit of education provides an external benefit to society of $10 per unit. This external benefit is currently not being internalized in the market. a) Given the MSC...
Part I Suppose that in the market for paper, demand is P=100 - Q. The marginal private cost of producing paper is 10+ Q...
Part I Suppose that in the market for paper, demand is P=100 - Q. The marginal private cost of producing paper is 10+ Q. However, pollution generated by the production process creates a per unit external harm (i.e., negative externality) equal to 0.5Q (i.e., the level of the externality increases with the quantity produced). 16+1,5 Q (Social cret) 10+Q (private 0 36 45 Top a) What is the (unregulated) market equilibrium and quantity if the externality is not corrected for...
We are considering a market with marginal cost of P=100+2Q and a demand of P=500-2Q. Use...
We are considering a market with marginal cost of P=100+2Q and a demand of P=500-2Q. Use that information to answer the following questions. a. Find the market equilibrium (price and quantity in the market). b. Find producer and consumer surplus. c. Now imagine production of this good created a negative externality of 1$ per unit of output. Find the socially optimal outcome (price and quantity) taking this externality into account. d. Find consumer and producer surplus at the socially efficient...
can someone please answer all these asap? thanks alot O Social Cost in the Market for...
can someone please answer all these asap? thanks
alot
O Social Cost in the Market for a Good Price (S/unit) Social cost I 11 I III IIIII I 11 I III II V 1 Supply (private cost) - VII -- - 1 Demand (private value) 10 12 20 Quantity (units) 53. Refer to Figure 2. The graph represents a market in which a. there is no externality (b) there is a positive externality. C. there is a negative externality. d....
please can you solve for all these questions but the right answers because I dont have...
please can you solve for all
these questions but the right answers because I dont have anymore
remaining please
a) What is the market cap? b) What are the earnings per share? (TTM after EPS stands for "trailing twelve months", i.e. their reported earnings per share for the last 12 month period) c) What is their PE ratio? Click on the "Chart" menu item. Click on the "18" option to get a chart of stock prices for the last year....
please give all the answers. dont need explanations too much
14. If a market is in equilibrium, then we know that price equals marginal cost because a. the market demand curve reflects marginal cost. b. marginal cost never changes. c. the market supply curve reflects marginal cost. d. every firm has the same costs. e. firms are required by law to equate marginal cost to price. 15. A positive externality raises a. marginal social benefits above marginal private benefits. b....
please give all the answers. dont need explanation too much
19. If government uses taxation to correct for negative externalities, the desired consequence is a, a decrease in the quality of the good produced. b. an increase in the quantity of the good produced and consumed. c. a raise in revenue that can be used to provide subsidies to consumers. d. a decrease in the quantity of the good produced and consumed. e. increased revenue. 20. Which of the following...
please give all the answers, dont need explanation too much
7. Goods that exhibit nonrivalry and nonexcludability are called public goods. a. True b. False Indicate the answer choice that best completes the statement or answers the question. 8. In a market, buyers and sellers are coordinated through a. the government. b. the information about price. c. personal communication with each other. d. information gained from outside the market. e. collective bargaining in large groups. 9. The change in a...
Need answers ASAP please!
11. Which of the following is an example of a negative extemaliy A. A gold mine discharges arsenic into a natural lake B. A paper mill discharges raw chemical waste insto a river C. Excessive cutting of wood resources by logeing D. All of the above. 12. The Tragedy of the Commons occun A. a common resource is rival in consumption and nonescludable occurs because B. a common resource is underutilized C. crimes are committed in...
Problem 2: Externality Consider the market for education. The marginal social cost of education (MSC) and the marginal private benefit of education (MPB) are given by the following equations where Q is the number of units of education provided per year. MSC 10+ Q MPB 100-Q You are also told that each unit of education provides an external benefit to society of $10 per unit. This external benefit is currently not being internalized in the market. a) Given the MSC...
Part I Suppose that in the market for paper, demand is P=100 - Q. The marginal private cost of producing paper is 10+ Q. However, pollution generated by the production process creates a per unit external harm (i.e., negative externality) equal to 0.5Q (i.e., the level of the externality increases with the quantity produced). 16+1,5 Q (Social cret) 10+Q (private 0 36 45 Top a) What is the (unregulated) market equilibrium and quantity if the externality is not corrected for...
can someone please answer all these asap? thanks
alot
O Social Cost in the Market for a Good Price (S/unit) Social cost I 11 I III IIIII I 11 I III II V 1 Supply (private cost) - VII -- - 1 Demand (private value) 10 12 20 Quantity (units) 53. Refer to Figure 2. The graph represents a market in which a. there is no externality (b) there is a positive externality. C. there is a negative externality. d....
please can you solve for all
these questions but the right answers because I dont have anymore
remaining please
a) What is the market cap? b) What are the earnings per share? (TTM after EPS stands for "trailing twelve months", i.e. their reported earnings per share for the last 12 month period) c) What is their PE ratio? Click on the "Chart" menu item. Click on the "18" option to get a chart of stock prices for the last year....
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