If Smoking Generates External Costs, Should Smoking Simply be Outlawed? How about Cars that Pollute?
If Smoking Generates External Costs, Should Smoking Simply be Outlawed? How about Cars that Pollute?
Homework Answers
So, if “smoking” generates external cost then we should reduce the production then automatically the consumption decreases. Consider the following fig.
So, here “D1” be the demand and “S1” be the supply curve, => the MPC, => the equilibrium in the private market is given by “E1”, => the optimum smoking is “q1”. Now, if we incorporate the external cost, => the SMC is given by “S2”. So, the new equilibrium is “E2” and the quantity is “q2 < q1”. So, here we should introduce tax to the actual output to socially optimum level of output “q2”.
Now, in the case the use of car we should use tax per unit of emission to reduce the use of cars that pollute as well as the level of pollution.
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If Smoking Generates External Costs, Should Smoking
Simply be Outlawed? How about Cars that Pollute?
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QUESTION 1 When the production of a good generates external costs, the firm's supply curve will be: Below the true-cost supply curve Above the true-cost supply curve O Vertical O Horizontal
A certain production process generates both external costs and external benefits. The marginal private cost (NPC/and marginal external cost (MEC) functions are Increasing. while the marginal private benefit (MPB and marginal external benefit (MEBlfunctions are decreasing. The socially optimal (SO) as well as the individually rational (IR) output level are given by positive and finite numbers. When will the IR output level be higher than the SO one? provided that MEC SO-MEB SO b) provided that MEC SO MEB so...
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generated in this market at the efficient outcome?
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Price (S) 50 50 Quantity Figure 3
If
I have a simply presentation about this PFD, what should I say? (
in half a minute )
FROMSTAGE F-200 10 12 8-201 26 13 21 DIST-200 16 P30 5T-203 17 Melthyl Lactae TO STAGE
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