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. Now imagine that instead of being a negative production externality, there was a negative consumption externali Once again we have PMC(Q) = 15+20Q, and PMB(Q) = 85 - 10Q. If the marginal damage from the negative onsumption externality is given as 5Q, what is the Social Marginal Benefit (SMB) for all of society? eview the graph of this type of externality) (hint:

. Now imagine that instead of being a negative production externality, there was a negative consumption externali Once again we have PMC(Q) = 15+20Q, and PMB(Q) = 85 - 10Q. If the marginal damage from the negative onsumption externality is given as 5Q, what is the Social Marginal Benefit (SMB) for all of society? eview the graph of this type of externality) (hint:

Economics (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information
Section: Chapter Questions
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2. Now imagine that instead of being a negative production externality, there was a negative consumption externality. Once again we have PMC(Q) = 15+20Q, and PMB(Q) = 85-10Q. If the marginal damage from the negative consumption externality is given as 5Q, what is the Social Marginal Benefit (SMB) for all of society? review the graph of this type of externality) (hint:
Transcribed Image Text:2. Now imagine that instead of being a negative production externality, there was a negative consumption externality. Once again we have PMC(Q) = 15+20Q, and PMB(Q) = 85-10Q. If the marginal damage from the negative consumption externality is given as 5Q, what is the Social Marginal Benefit (SMB) for all of society? review the graph of this type of externality) (hint:
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