6. Phoebe keeps a bee farm next door to an apple orchard.She chooses her optimal number of beehives by select-ing the honey output level at which her private marginalbenefit from beekeeping equals her private marginalThe villaanotherа. If eachowandcost. (LO3)Assume that Phoebe's private marginal benefit andmarginal cost curves from beekeeping are normallyshaped. Draw a diagram of them.b. Phoebe's bees help to pollinate the blossoms in theapple orchard, increasing the fruit yield. Show thesocial marginal benefit from Phoebe's beekeeping inb.WhatvillagWhanumc. ThegrazAss15your diagram.c. Phoebe's bees are Africanized killer bees that aggres-sellsively sting anyone who steps into their flight path.Phoebe, fortunately, is naturally immune to the bees'venom. Show the social marginal cost curve fromPhoebe's beekeeping in your diagram.d.Indicate the socially optimal quantity of beehives onyour diagram. Is it higher or lower than the privatelyoptimal quantity? Explain.righ9. Two fаccesshas apollutresposhowdio rentals in

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Asked Nov 10, 2019
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6a, 6b, 6c, 6d

6. Phoebe keeps a bee farm next door to an apple orchard.
She chooses her optimal number of beehives by select-
ing the honey output level at which her private marginal
benefit from beekeeping equals her private marginal
The villa
another
а. If eac
how
and
cost. (LO3)
Assume that Phoebe's private marginal benefit and
marginal cost curves from beekeeping are normally
shaped. Draw a diagram of them.
b. Phoebe's bees help to pollinate the blossoms in the
apple orchard, increasing the fruit yield. Show the
social marginal benefit from Phoebe's beekeeping in
b.What
villag
Wha
num
c. The
graz
Ass
15
your diagram.
c. Phoebe's bees are Africanized killer bees that aggres-
sell
sively sting anyone who steps into their flight path.
Phoebe, fortunately, is naturally immune to the bees'
venom. Show the social marginal cost curve from
Phoebe's beekeeping in your diagram.
d.Indicate the socially optimal quantity of beehives on
your diagram. Is it higher or lower than the privately
optimal quantity? Explain.
righ
9. Two f
аccess
has a
pollut
respo
show
dio rentals in
help_outline

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6. Phoebe keeps a bee farm next door to an apple orchard. She chooses her optimal number of beehives by select- ing the honey output level at which her private marginal benefit from beekeeping equals her private marginal The villa another а. If eac how and cost. (LO3) Assume that Phoebe's private marginal benefit and marginal cost curves from beekeeping are normally shaped. Draw a diagram of them. b. Phoebe's bees help to pollinate the blossoms in the apple orchard, increasing the fruit yield. Show the social marginal benefit from Phoebe's beekeeping in b.What villag Wha num c. The graz Ass 15 your diagram. c. Phoebe's bees are Africanized killer bees that aggres- sell sively sting anyone who steps into their flight path. Phoebe, fortunately, is naturally immune to the bees' venom. Show the social marginal cost curve from Phoebe's beekeeping in your diagram. d.Indicate the socially optimal quantity of beehives on your diagram. Is it higher or lower than the privately optimal quantity? Explain. righ 9. Two f аccess has a pollut respo show dio rentals in

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Expert Answer

Step 1

Since we answer only up to 3 sub-parts at a time, we will answer only the first three. Please post the question again along with the sub-parts for which you would like to get answered.

To calculate the optimal number of beehives.

Step 2

(a) The equilibrium price and quantity can be determined by the intersection of the private marginal cost and the private marginal benefit. Since no external cost or benefit is allowed, the equilibrium price and equilibrium quantity is socially optimal. The diagram is given below:

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Step 3

(b) Since bees help to increase the fruit yield by pollinating the blossoms at aple orchard, there is positive externalit...

Price
per
Beehive
Private Marginal Cost
Deadweight Loss
Social Marginal Benefit
Private Marginal Benefit
Number of Beehives
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Price per Beehive Private Marginal Cost Deadweight Loss Social Marginal Benefit Private Marginal Benefit Number of Beehives

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