Which of the following is an example of a command and control policy to address an externality? O Requiring car manufacturers place a catalytic converter on cars to reduce engine emissions A subsidy for beekeepers to encourage pollination A tax on cigarettes to reduce second hand tobacco smoke A tax on gasoline to reduce engine emissions
Which of the following is an example of a command and control policy to address an externality? O Requiring car manufacturers place a catalytic converter on cars to reduce engine emissions A subsidy for beekeepers to encourage pollination A tax on cigarettes to reduce second hand tobacco smoke A tax on gasoline to reduce engine emissions
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter14: Environmental Economics
Section: Chapter Questions
Problem 4SQ
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Transcribed Image Text:Which of the following is an example of a command and control policy to address an externality?
Requiring car manufacturers place a catalytic converter on cars to reduce engine emissions
A subsidy for beekeepers to encourage pollination
A tax on cigarettes to reduce second hand tobacco smoke
A tax on gasoline to reduce engine emissions
Transcribed Image Text:50 – Qº, and the supply of anchovy
Suppose that demand for anchovy pizza is given by PD
pizza is given by PS = Q5. Anchovy pizza smells bad. The bad smell imposes an external cost
on anyone near the pizza equal to $5 per pizza. What is the formula for the marginal cost to
society of anchovy pizza?
55 - Q
5 + Q
Q - 5
45 - Q
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