Figure 16.8 Reference: Ref 16-9 (Figure 16.8) If the socially
optimal quantity of the good is 500 pounds, there is a ______
externality, so the government should place a ______ to increase
market efficiency. Group of answer choices negative; subsidy
negative; tax positive; subsidy positive; tax
Homework Answers
Answer is positive, subsidy.
...
Simce social marginal cost will be to the right of the private marginal cost. This is a example of positive externalities and to correct these governu uses subsidy.
Add Answer to:
Figure 16.8 Reference: Ref 16-9 (Figure 16.8) If the socially
optimal quantity of the good is...
Figure 16.8 Reference: Ref 16-9 (Figure 16.8) If the socially optimal quantity of the good is...
Figure 16.8 Reference: Ref 16-9 (Figure 16.8) If the socially optimal quantity of the good is 500 pounds, there is a ______ externality, so the government should place a ______ to increase market efficiency. Group of answer choices negative; subsidy negative; tax positive; subsidy positive; tax
57. The following figure shows the market supply and demand of a good whose production entails...
57. The following figure shows the market supply and demand of a good whose production entails a $2 negative externality per unit. Refer to the figure above. A total of ________ units of this good will be traded in this market, at the price of ________. a. 20; $2 b. 60; $8 c. 40; $4 d. 80; $6 58. The following figure shows the market supply and demand of a good whose production entails a $2 negative externality per unit....
The effect of negative externalities on the optimal quantity of consumption Consider the market for bolts. Suppose that...
The effect of negative externalities on the optimal
quantity of consumption
Consider the market for bolts. Suppose that a hardware factory
dumps toxic waste into a nearby river, creating a negative
externality for those living downstream from the factory. Producing
an additional ton of bolts imposes a constant external cost of $40
per ton. The following graph shows the demand (private value) curve
and the supply (private cost) curve for bolts.
1. plot the social cost curve when the external...
Electric form is better. Thank you 3. The effect of negative externalities on the optimal quantity...
Electric form is better. Thank
you
3. The effect of negative externalities on the optimal quantity of consumption Consider the market for paper. Suppose that a paper factory dumps toxic waste into a nearby river, creating a negative externality for those living downstream from the factory. Producing an additional ton of paper imposes a constant external cost of $385 per ton. The following graph shows the demand (private value) curve and the supply (private cost) curve for paper. Use the...
3. The effect of negative externalities on the optimal quantity of consumption Consider the market for...
3. The effect of negative externalities on the optimal quantity of consumption Consider the market for bolts. Suppose that a hardware factory dumps toxic waste into a nearby river, creating a negative externality for those living downstream from the factory. Producing an additional ton of bolts imposes a constant external cost of $225 per ton. The following graph shows the demand (private value) curve and the supply (private cost) curve for bolts Use the purple points (diamond symbol) to plot...
6. (16 points) Suppose we realize that the market described in question 1 (Market demand is...
6. (16 points) Suppose we realize that the market described in question 1 (Market demand is still Q = 18 – P) has a negative externality. The cost function C(Q) = Q2 is private cost. We now know the cost of the externality is Ca(Q)=Q?. a. What is the marginal cost of the externality, MCE? b. What is the marginal cost to society of production MCS? c. What is the Socially Optimal quantity and price? d. How does the socially...
Figure 12.1 Reference: Ref 12-19 (Figure 12.1) Which table corresponds to the tree-form game above? Group...
Figure 12.1
Reference: Ref 12-19
(Figure 12.1) Which table corresponds to the tree-form game
above?
Group of answer choices
(a)
Firm B
Up
Down
Firm A
High
(8, 12)
(10, 4)
Low
(9, 16)
(12, 3)
(b)
Firm B
Up
Down
Firm A
High
(8, 12)
(9, 16)
Low
(10, 4)
(12, 3)
(c)
Firm B
Up
Down
Firm A
High
(8, 12)
(12, 3)
Low
(9, 16)
(10, 4)
(d)
Firm B
Up
Down
Firm A
High
(9, 16)...
the figure at right. The market equilibrium quantity is Q. Point Q2 represents the optimal amount...
the figure at right. The market equilibrium quantity is Q. Point Q2 represents the optimal amount of production. Refer The government can achieve the optimal outcome by consumers equal to OA. providing a per-unit subsidy P2 P1 P3 O B. providing a per-unit subsidy Рз - P1- consumers equal to P2 P. O C. setting the price at P3. O D. establishing a tax equal to P2 -P1 per unit of the good sold. D2 D. а, а Quantity Price...
3. The effect of negative externalities on the optimal quantity of consumption Consider the market for...
3. The effect of negative externalities on the optimal quantity of consumption Consider the market for steel. Suppose that a steel manufacturing plant dumps toxic waste into a nearby river, creating a negative externality for those living downstream from the plant. Producing an additional ton of steel imposes a constant external cost of $60 per ton. The following graph shows the demand (private value) curve and the supply (private cost) curve for steel. Use the purple points (diamond symbol) to...
3. The effect of negative externalities on the optimal quantity of consumption Consider the market for...
3. The effect of negative externalities on the optimal quantity of consumption Consider the market for steel. Suppose that a steel manufacturing plant dumps toxic waste into a nearby river, creating a negative externality for those living downstream from the plant. Producing an additional ton of steel imposes a constant external cost of $150 per ton. The following graph shows the demand (private value) curve and the supply (private cost) curve for steel. Use the purple points (diamond symbol) to...
The effect of negative externalities on the optimal
quantity of consumption
Consider the market for bolts. Suppose that a hardware factory
dumps toxic waste into a nearby river, creating a negative
externality for those living downstream from the factory. Producing
an additional ton of bolts imposes a constant external cost of $40
per ton. The following graph shows the demand (private value) curve
and the supply (private cost) curve for bolts.
1. plot the social cost curve when the external...
Electric form is better. Thank
you
3. The effect of negative externalities on the optimal quantity of consumption Consider the market for paper. Suppose that a paper factory dumps toxic waste into a nearby river, creating a negative externality for those living downstream from the factory. Producing an additional ton of paper imposes a constant external cost of $385 per ton. The following graph shows the demand (private value) curve and the supply (private cost) curve for paper. Use the...
3. The effect of negative externalities on the optimal quantity of consumption Consider the market for bolts. Suppose that a hardware factory dumps toxic waste into a nearby river, creating a negative externality for those living downstream from the factory. Producing an additional ton of bolts imposes a constant external cost of $225 per ton. The following graph shows the demand (private value) curve and the supply (private cost) curve for bolts Use the purple points (diamond symbol) to plot...
6. (16 points) Suppose we realize that the market described in question 1 (Market demand is still Q = 18 – P) has a negative externality. The cost function C(Q) = Q2 is private cost. We now know the cost of the externality is Ca(Q)=Q?. a. What is the marginal cost of the externality, MCE? b. What is the marginal cost to society of production MCS? c. What is the Socially Optimal quantity and price? d. How does the socially...
Figure 12.1
Reference: Ref 12-19
(Figure 12.1) Which table corresponds to the tree-form game
above?
Group of answer choices
(a)
Firm B
Up
Down
Firm A
High
(8, 12)
(10, 4)
Low
(9, 16)
(12, 3)
(b)
Firm B
Up
Down
Firm A
High
(8, 12)
(9, 16)
Low
(10, 4)
(12, 3)
(c)
Firm B
Up
Down
Firm A
High
(8, 12)
(12, 3)
Low
(9, 16)
(10, 4)
(d)
Firm B
Up
Down
Firm A
High
(9, 16)...
the figure at right. The market equilibrium quantity is Q. Point Q2 represents the optimal amount of production. Refer The government can achieve the optimal outcome by consumers equal to OA. providing a per-unit subsidy P2 P1 P3 O B. providing a per-unit subsidy Рз - P1- consumers equal to P2 P. O C. setting the price at P3. O D. establishing a tax equal to P2 -P1 per unit of the good sold. D2 D. а, а Quantity Price...
3. The effect of negative externalities on the optimal quantity of consumption Consider the market for steel. Suppose that a steel manufacturing plant dumps toxic waste into a nearby river, creating a negative externality for those living downstream from the plant. Producing an additional ton of steel imposes a constant external cost of $60 per ton. The following graph shows the demand (private value) curve and the supply (private cost) curve for steel. Use the purple points (diamond symbol) to...
3. The effect of negative externalities on the optimal quantity of consumption Consider the market for steel. Suppose that a steel manufacturing plant dumps toxic waste into a nearby river, creating a negative externality for those living downstream from the plant. Producing an additional ton of steel imposes a constant external cost of $150 per ton. The following graph shows the demand (private value) curve and the supply (private cost) curve for steel. Use the purple points (diamond symbol) to...
Most questions answered within 3 hours.
-
In a neoclassical model, use the IS-LM to analyze the effect of
a permanent money supply...
asked 32 minutes ago -
An electron passes through a point 2.67 cm from a long straight
wire as it moves...
asked 1 hour ago -
A grammar is a 4-tuple G, G = (Ν, Σ, Π, Σ, S) where, Ν is...
asked 1 hour ago -
In this part, calculate the present values. Use the Excel PV
function to compute the present...
asked 1 hour ago -
Part 1. Primitive Types, Sorting, Recursion for
Homework.java
a) Implement the static method initializeArray that receives...
asked 2 hours ago -
Using C++, build a sorter that can rank a sequence of numbers in
a descending order....
asked 2 hours ago -
Derive ground state term symbols. Use notation 2S(1/2) for state
2S1/2
a) d5
b) f3
c)...
asked 3 hours ago -
A sample of size 31 will be drawn from a population with mean 39
and standard...
asked 3 hours ago -
What is the effect on the P-value when a test is changed from a
two-tailed hypothesis...
asked 4 hours ago -
I wish to estimate µ, the mean of a population. After I collect
and an-
alyze...
asked 4 hours ago -
At a local university, you poll a group of 115 students and find
that 37 of...
asked 4 hours ago -
Gladstone company tracks the number of units purchased and sold
throughout each accounting period but applies...
asked 4 hours ago