1 I need the optimal quantity of dams along the riverfor society.500-Consider the market for dams along a river, illustrated in the figure to the right, where S, ismarginal private cost and D, is marginal private benefit.450-400-Dams are an example of a public good350300-Suppose that the consumption of dams along a river generates a positive externality of $100250-per unit.200-150If so, then according to the figure, the optimal quantity of dams along a river for society is 8units. (Enter your response as an integer.)100509 10 11 12 13Price of dams along a river (per

To fulfil demand, the optimal quantity is the exact amount of inventory you should order and…

I need the optimal quantity of dams along the river for society. 500- Consider the market for dams along a river, illustrated in the figure to the right, where S, is marginal private cost and D, is marginal private benefit. 450 &400- 350 Dams are an example of a public good 300 250- Suppose that the consumption of dams along a river generates a positive externality of $100 per unit. 200- 150 If so, then according to the figure, the optimal quantity of dams along a river for society is 8 units. (Enter your response as an integer.) 100- Price of dams along a river ( 50+ 0

I need the optimal quantity of dams along the river for society. 500- Consider the market for dams along a river, illustrated in the figure to the right, where S, is marginal private cost and D, is marginal private benefit. 450 &400- 350 Dams are an example of a public good 300 250- Suppose that the consumption of dams along a river generates a positive externality of $100 per unit. 200- 150 If so, then according to the figure, the optimal quantity of dams along a river for society is 8 units. (Enter your response as an integer.) 100- Price of dams along a river ( 50+ 0

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Externalities

Section: Chapter Questions

Problem 2CQQ

See similar textbooks

Similar questions

Assume that the marginal private costs of a film producing fuel-efficient can; is greater than the marginal social costs. Assume that the marginal private benefits of a firm producing fuel efficient cars are the same as the marginal social benefits. Discuss one wags.r that the government cans ï¬‚y to increase production and sales of fuel efficient cars to the socially desirable amount. Hint: the government is flying to affect production through costs, net benefits.
Identify the following situations as an example of a negative or a positive externality: You are a birder (bird watcher), and your neighbor has put up several birdhouses in the yard as well as planting trees and flowers that attract birds. Your neighbor paints his house a hideous color. Investments in private education raise your countrys standard of living. Trash dumped upstream flows downstream right past your home. Your roommate is a smoker, but you are a nonsmoker.
Table 12.12, shows the supply and demand conditions for a firm that will play trumpets on the streets when requested. QS1 is the quantity supplied without social costs. QS2 is the quantity supplied with social costs. What is the negative externality in this situation? Identify the equilibrium price and quantity when we account only for private costs, and then when we account for social costs. How does accounting for the externality affect the equilibrium price and quantity?
Refer to Table 12.2. The externality created by the refrigerator production was 100. However, once we accounted for both the private and additional external costs, the market price increased by only 50. If the external costs were 100 why did the price only increase by 50 when we accounted for all costs?
Do market demand curves reflect positive externalities? Why or why not?
What is a pollution charge and what incentive does it provide for a firm to take external costs into account?
Suppose you want to put a dollar value on the external costs of carbon emissions from a power plant. What information or data would you obtain to measure the external [not social] cost?