How does the external cost affect the supply and demand of market goods in terms of price and quantity?

Q: Morrison Inc. produce disposable nappies at marginal cost given by MC = 1.5Q, where Q is number of…

A: A deadweight loss could be a social group price incurred as a result of market unskillfulness that…

Q: If I neglect or refuse to cut the grass on my front lawn, what are the externalities involved?…

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

Q: Which externality is the most threatening when it comes to pig farming?

A: An externality is an act where the third party gets affected by the transaction (production or…

Q: How does providing education to students provide external benefits to everyone in the community.

A: Externalities are the harmful or beneficial side effects arise out of production or consumption of…

Q: What is an externality?  How do they affect market efficiency?  If an externality is present,…

A: Externality is an economic concept that describes the costs or benefits that a third party bears…

Q: Draw a supply-and-demand diagram to explain theeffect of a negative externality that occurs as a…

A: Q 3. Draw a supply-and-demand diagram to explain the effect of a negative externality that occurs as…

Q: At the market equilibrium quantity in Figure A, what is the marginal external cost? a) $6 b) $8 c)…

A: Marginal external cost (MEC) is the cost incurred by the third party from the production of one…

Q: Whenever there is a negative externality at play, the results will be a tragedy of the commons?

A: The tragedy of the commons is an economic issue wherein each individual has an impetus to consume a…

Q: The weekly supply and demand for packs of cigarettes in the United States is given in the figure…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: The market for good Q is perfectly competitive. However, it features negative externalities. In the…

A: The market for good Q is perfectly competitive.  It features negative externality ----- Perfect…

Q: Suppose that in greater Sydney, the demand for flowering plants is given by P = 60 – Q, and supply…

A: Externalities refer to the cost or benefits of a transaction incurred on a third party who is not…

Q: Which of the following is a positive externality?

A: Positive externality is the externality which impacts the society positively.  It occurs when the…

Q: Give an example of a negative externality and anexample of a positive externality

A: Negative Externality is an externality where the consumption/production of a good causes negative…

Q: Producing a good is efficient as long as the external benefits exceed the external costs. True O…

A: An external advantage is an advantage acquired by an individual or firm because of a monetary…

Q: To produce honey, beekeepers place hives of bees in the fields of farmers. As bees gather nectar,…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Question 34 An externality O is a source of market failure O causes markets to allocate resources…

A: Externality: - it is a cost or benefit generated for the third party by the actions of other people.

Q: What is a positive externality

A: The concept externality was introduced by economist Arthur Pigou. There are mainly  four type of…

Q: How external cost affect supply and demand

A: External cost:- These are those cost or benefits that effects a third party apart from buyer and…

Q: If a firm does not pay for an external cost, who does? Why might there be a deadweight loss in a…

A: External costs referred to the costs borne by entities which were not caused directly by them. These…

Q: Why does a positive externality create a market failure and how can this market failure be solved by…

A: A cost or benefit resulting from the production or use of an item or service is known as an…

Q: it is microeconomics    If a firm does not pay for an external cost, who does? Why might there be…

A: If a firm does not pay for an external cost, who does? Answer External costs are the cost, which is…

Q: How can external effects change supply and demand in electricity generation (Please provide a…

A: Electricity, fossil fuels, oil, and sustainable energy markets, like many other commodities, are…

Q: Which of the following is an example of an activity that creates an external cost? i. a smoker…

A: Externality’ means the uncompensated impact of one person’s actions on well being of a bystander. If…

Q: Do you think that there would be external effects associated with Water from a uranium mine leaking…

A: In the Producer theory, externality is considered to be the benefit (gain) or cost (loss) that…

Q: Suppose that in greater Sydney, the demand for flowering plants is given by P = 60 - Q, and supply…

A: Demand for flowering plant P = 60 -Q  Supply = 0.2Q  Marginal external benefit = $6

Q: Do you think that there would be external effects associated with Water from a uranium mine leaking…

A: Water from a uranium mine leaking into Kakadu National Park is an example of external effect. An…

Q: How can a corrective tax adjust costs to reflect externalities? What effects will a corrective tax…

A: A negative externality is a cost that is encountered by a third party because of an economic…

Q: Which of the following instruments is government most likely to apply when confronted with a…

A: Positive externality occurs when production or consumption results in external benefits on third…

Q: What is an externality? What are the possible remedies (private or government) to externalities?

A: An externality is a cost or benefit of an economic action that is experienced by a distinct third…

Q: Fertilizer supply is explained by the following equation: ?? = 3,000? where ?? is the supply per…

A: Perfect competition refers to the situation where there are large number of prouder and consumers…

Q: Aside from pig farming, what other industries might be affected by the larger externality?

A: An externality is a cost or benefit developed by one party and affects the other party without being…

Q: Draw a demand curve and describe the external factors thatdetermine demand.

A: Demand curve shows the negative price and quantity relationship for a commodity.  As price increases…

Q: Consider the following market demand and market supply: Demand: p = 90-q Supply: p = 20+3q Suppose…

A: Ans) The efficient equilibrium quantity ( q eff) = 22.5 When there are external benefits,…

Q: Education is frequently cited as a source of external benefits. How?

A: External benefits : An external benefit is the benefit gained by an individual or firm as a result…

Q: Examples of element in the external environment

A: An external environment is made up of all the outside forces or pressures that affect how a company…

Q: If an external benefit occurs in a perfectly competitive market, firms produced an A efficient…

A: Externalities refer to the costs or benefits of an economic transaction on a third party who is not…