1. What is the difference between private and social costs?2. How can the government intervene to force consumers to internalize external costs associated with: a. negative externalities? b. positive externalities?3. Differentiate between public good and common resources.4. What are the advantages of a flat tax system?

Q: a. How does the amount produced by a free market compare with the socially-optimal level of…

A: "Since you have asked multiple parts, we will answer only the first part for you. If you have any…

Q: b) Why does a negative externality create a market failure and how can this market failure be solved…

A: Let's explain this situation with the help of a diagram and check how government can solve this…

Q: 6. The Role of Government: Tax and plastic bags A. In the diagram, identify the lines that express…

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Q: 3. If a good generates a negative externality, does the free market result in overproduction or…

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Q: How would the owner respond to the negative externality caused by smokers?

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: I need help with question 2. You guys have already answered number 1.  Externalities and Tax…

A: Answer 2. An externality is a cost or benefit incurred or received by a producer that is not paid…

Q: 18. a. b. C. d. Externalities can be enhanced // market internalized // market internalized //…

A: Externalities: These are the cost or benefits for a third party who does not agree to it.…

Q: Explain the factors affecting Demand.

A: "Since you have asked multiple questions, we will answer only first question for you. If you have…

Q: c) Using a supply and demand diagram, demonstrate how a positive externality leads to market…

A: Externalities are costs or gains that a producer makes but does not endure or get directly from…

Q: 2) The following table shows how the marginal benefit of a service varies for five consumers.…

A: The "marginal benefit" of a product/service talks about the maximum that a consumer will be…

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A: Hi, according to our guidelines we are allowed to answer only one question in a single session. So I…

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Q: How will the imposition of the chosen positive

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Q: A) Using demand and supply diagram, describe and discuss positive externality in production of a…

A: Positive externality of production refers to a case where the third party enjoys the spillover…

Q: Figure 10-3 Price Supply (Private Cost) Social Value Demand (Private Value) Quantity Qnanat Quytmum…

A: External Benefit: The benefit is enjoyed by the third person who is neither a consumer nor a…

Q: 2) The following table shows how the marginal benefit of a service varies for five consumer Quantity…

A: The highest amount that will be paid by a consumer by his/her willingness is the "marginal benefit"…

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A: Externality is the spillover effect of an activity of a party to third party. Externality may…

Q: TYRES private + social cost S1 Price S private cost NEGATIVE TAX/FINE EXTERNALITY P1 D Q1 Quantity

A: In a market, externality refers to the additional cost or benefits to the third party or enviornment…

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Q: 1) What are public goods and what is their provision 2) What are externalities and what are its…

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Q: Individuals A, B and C have the following individual demand curves: QA-7-.5P Q-10-P Qc=18-3P Make a…

A: "As per bartleby guidelines we will solve the first three question for you. If you want any specific…

Q: d. Calculate the dollar value of the net gain to society from correcting the externality.

A: Externality refers to the spill over of costs or benefits to the third party. There is negative…

Q: 1) Does the above diagram depict a positive externality or a negative externality? 2) What is the…

A: Answer; 1.   The above diagram depicts negative externality since the Marginal social cost is…

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Q: a)     Identify two public goods and explain why they are public goods b)     Why does a positive…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: 20 18 S- MSC 16 14 12 10 MSB D = MB 2 2 6 8 10 Quantity (millions of students per year) 2. The…

A: a)  When the marks are left unregulated MB = MSC So, 4milliion students will be enrolled per year.

Q: List some of the ways that the problems caused by externalities can be solved without government…

A: An externality is a cost or benefit that a producer incurs or receives but does not bear or pay for.…

Q: a) Explain the difference between a positive externality and a negative externality and why each…

A: Part A An externality is a cost or benefit incurred or received by a producer that is not paid for.…

Q: 1. (4) Sacial Surplus Analysis" a) (2) Under what conditions does the aggregate marginal private…

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Q: Externalities and Tax Incidence 1. Sketch a supply and demand framework for paved driveways. Who do…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: In this market, how much is the external cost from the production of each unit of tobacco? To reach…

A: Given;

Q: Suppose 3 consumers, A, B and C, of a public good have standing (i.e. is the "society"). Ea consumer…

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Q: 1. Describe an incentive your parents offered to you in an effort to influence your behavior.

A: An incentive is an extrinsic motivator that induces an individual to carry out or abandon a…