Give an example of a public good and how the air pollution emanates from it. Explain.

Q: what is the consequences of companies that pollute and the externalities they create both private,…

A: External expenses incurred as a result of an economic transaction are called negative externalities.…

Q: The drainage of waste products from the chemical factory, Ultra Chemicals, situated along the banks…

A: The drainage of chemical fertilizers utilized on rural plots along the banks of the Blue River has…

Q: The value of a home depends in part on how attractive other homes and yards in the neighborhood are.…

A: The externalities are the additional costs or benefits received by the third person who is not…

Q: what is public consumption? Explain.

A: The use of goods, as well as services by individuals or households, is known as consumption. There…

Q: Would environmentalists favor command-and-control policies as a way to reduce pollution?

A: Command and Control Policies: The command and control policies are the set of rules and regulations…

Q: (Positive Externalities) The value of a home depends in part on how attractive other homes and yards…

A: The value of a home depends in part on how attractive other homes and yards in the neighbourhood…

Q: Give an example of a public good and how the free rider problem (causes air pollution) emanates from…

A: Public goods are those goods which are non-rivalrous and non-excludable.

Q: Choose a good or service that you would like to see the government provide more funding towards. 1.…

A: Externalities lead to market failure because a commodity or service's price equilibrium does not…

Q: What is the air pollution policy in the United States?

A: The main law regulating air quality in the United States is the U.S. Clean Air Act. The law was…

Q: Why government needs to produce pure and impure public goods?

A: Public goods are the goods that are non-rivalrous and non-excludable which means that no one can be…

Q: In a market without environmental regulations, will the supply curve for a firm account for private…

A: ANS In the absence of environmental regulations a firm is allowed to emit pollution without any…

Q: What are public goods/services? Provide an example of a public good and say why it is a public…

A: In economics, goods are categorized into four main types on the basis of certain features. These…

Q: Name 5 public goods and explain why they are public goods.

A: Introduction. Public Goods. It a non-excludable and non-rival good, that is, a public good. It means…

Q: You are required to choose a public good in the market and explain how the chosen product fits into…

A: Goods are products that fulfill human desires and have value, such as a fulfilling commodity…

Q: Give an example for positive and negative externalities you create. Then write down possible…

A: Suppose I have a garden in front of my home then it will be a positive externality to my neighbour.…

Q: 23 Multiple Select: Select all of the following that might be a negative consequence of using public…

A: Answer: A public good is non-rival and non-excludable in nature. One problem that arises from the…

Q: The diagram to the right depicts the market for cough medicine in a small town. The quantity of…

A: Deadweight loss arises when less than or greater than socially efficient quantity is produced. The…

Q: (Positive Externalities) The value of a home depends in part on how attractive other homes and yards…

A: Positive externality refers to the situation where the third party who does not involve in the…

Q: using a diagram Explain the socially optimal quantity of a public good

A: A product or service that is made publicly available to all members of a society is referred to as a…

Q: What is cost–benefit analysis of public goods?Why is it important? Why is it hard?

A: Public goods are the goods that are neither rival nor excludable. The cost benefit analysis compares…

Q: Answer the attached question

A: In case of no government intervention the market equilibrium will be at the point where the private…

Q: Unanswered • 2 attempts left Which of the below would probably NOT be classified as a negative…

A: option  c is  the correct answer wich is not classified in negative externality You forgot  to close…

Q: Figure: Social Benefits Price Supply $10.00 8.00 6.00 4.50 Social value 650 900 Demand Quantity The…

A: Market equilibrium occurs at the intersection point of the demand and supply curve.  Socially…

Q: Define public good?

A: In the field of economics, the goods are divided into categories on the basis of whether they are…

Q: Use the graph attached  What is the dead weight loss that results from this externality. a) QE -…

A: Deadweight loss from externality = (1/2) x (MSC - MPC) x (Market output - Efficient output)

Q: How do we describe the costs of reducing environmental pollution?

A: Environmental pollution can be understood when there is an adverse effect on the…

Q: What are some pros and cons of being an environmental economist?

A: pros:-  the advantage of being an environmental economist is that is a great profession and can do…

Q: regulations to limit air pollution (a) identify the market failure

A: (a) Market failure is an economic situation which occurs due to the inefficient distribution of…

Q: Explain the efficiency condition for Public Goods

A: A pure public good is provided by the government and the private firms for the welfare motive. The…

Q: There is often litter along highways but rarely in people's yards. Which of the following…

A: Externality is cost or benefit that occurs to the third party due to business or personal…

Q: Multiple Select: Select all of the following that might be a negative consequence of using public…

A: Non-excludable: - it is a condition where a person cannot stop another person from using a good or…

Q: Explain: “Without a market for pollution rights, dumping pollutants into the air or water is…

A: Opportunity cost refers to the cost of the next best alternative and the person's expenses before…

Q: How Governments Address the Existence of Negative Externalities in Environmental Economic Markets?

A: Considering the negative externality in the environmental economics, it refers to the uncompensated…

Q: Mankiw Chapter 11 Question 8 The federal gov't tests the safety of car models and provides the test…

A: Public good refers to those goods that are non rivalry and non excludable in nature.

Q: Which of the below is the best illustration of a public good? A clean water in a river

A: Public goods are those which are not for a single person but for each and every individual.…

Q: What is public goods!

A: Public sector is that section of the economy wherein all the enterprises are owned and controlled by…

Q: Two example of public property.

A: Those property which are dedicated towards the utilisation and benefits of public and has exclusive…

Q: What are public goods ? State few examples of public goods.

A: Public goods are goods which are non-rivalry and non-excludable in consumption. These goods are used…

Q: What happens in the market for a good that pollutes the air when it is manufactured if government…

A: When the government imposes tax on consumer during the purchase of goods, then it leads to increase…

Q: What are corrective taxes? Why do economists prefer them to regulations as a way to protect the…

A: Corrective tax is the tax enacted to reduce the negative externality in the society. The corrective…