Which of the following is an example of an activity that creates an external cost? i. a smoker emitting second-hand smoke ii. sulfur emitting from a smoke stack iii. throwing garbage on the roadside

Q: Suppose you have a dog in your apartment . Your dog barks at night sometimes and annoys your…

A: Externality is the spillover effect of an individual economic activities ( production and…

Q: Respond to only one of the following: • Option A. Suppose one of your classmates has been placing an…

A: Option A )  It is a classic case of negative externality. Every government  tries to internalise the…

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: (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: 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: A huge paper recycling plant sits about a mile away from a college campus. When the wind is blowing…

A: Externalities refer to the cost or benefit of an economic transaction incurred on a third party who…

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: pse that a chicken farm uses a nearby stream to dispose of the wastes released by its chickens.…

A: A non-profit organization is a gathering coordinated for purposes other than creating profit and in…

Q: Discuss the economic externalities that can result from deforestation

A: Externalities occur when producing or consuming goods can cause an impact on third parties not…

Q: The government auctions off 600 units of pollution rights. The rights sell for $50 per unit, raising…

A: Corrective tax can be calculated by using the following formula.

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: Explain how providing education to all children in grades K-12 provides external benefits to…

A: We show thatt the positive externality is when the bystander bears the advantage of any activity.…

Q: The following are examples of externalities except A Air pollution from the factory B Noise…

A: An externality is a cost or benefit associated with an activity enjoyed by the third person who is…

Q: If the government overcorrected in a situation of external costs

A: An external cost is an economic term referring to the cost (negative) or benefit (positive) caused…

Q: The marginal private cost of mulch production is MPC = 20 + 3Q, where Q is the amount of mulch…

A: Market failure manifests a situation where the free market fails to deliver the maximum amount of…

Q: best example of a positive external benefit generated

A: A positive external benefit is the benefit which an individual can get in spite of being unrelated.…

Q: The marginal social cost of producing a good or service is the A) cost of producing an additional…

A: The change in the total cost of production that comes from the production of one additional unit is…

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: Which example BEST describes tradable emissions permits? a subsidy system for encouraging production…

A: Tradable emission permits are forms of permits which are allocated to firms to reduce the pollution…

Q: Suppose you want to put a dollar value on the external costs of carbon emissions from a power plant.…

A: Negative externality example is pollution. Marginal social cost = marginal private cost + pollution…

Q: Give three examples of activities accompanied by external costs and benefits.

A: The external costs and benefits are the various cost and benefits that are recieved to the third…

Q: Examples of transaction costs include (check all that apply): O A. the cost of the externality. B.…

A: Transaction costs are the costs associated with purchasing or selling a product or service.

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: The marginal private cost of mulch production is MPC = 20 + 3Q, where Q is the amount of mulch…

A: Marginal private cost (MPC) = 20 + 3Q Marginal benefit (MB) = 100 – Q Marginal external cost (MEC) =…

Q: Mr.Peter sells ice cream outside the HCMC Post Office. Describe 3 external forces that may impact…

A: Every business need to consider the factors that can affect your business . That factors can…

Q: Market demand is MWTP= 60 - 2Q. Market supply is MC = 27 + Q. Each unit transacted results in a $Q…

A: A Pigouvian tax is a tax on any market activity that generates negative externalities.

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

A: Given information MB=100-Q MC=Q MEB=2 Perfect competitive equilibrium exists where, MB=MC Social…

Q: Solve this attachment.

A: An economist or a student of economics will able to understand the given situation and relate it…

Q: A factory producing ink discharges effluent into a nearby river. A trout fishery downstream find…

A: A factory producing ink discharges effluent into a nearby river. A trout fishery downstream find…

Q: Which statement about a product with external costs must be correct? A. The consumption of the…

A: External cost: It refers to the cost that occur due to the process of production and consumption of…

Q: Bruno loves playing rock ‘n’ roll music at highvolume. Placido loves opera and hates rock ‘n’…

A: Externalities are the cost or benefits that are affected to the third person, Deal of the two-person…

Q: Price S (full social cost) Externality Cost Sp (private cost) E G D Q, Q2 Q, Quantity

A: The equilibrium point is the one where the marginal benefit is equal to the marginal cost.

Q: (h) A pollutant should be banned if its marginal damage curve is everywhere above its marginal…

A: b) Pollutants should be banned if its marginal damage curve is everywhere above its marginal…

Q: An external cost arises from the use of fossil fuels because of global warming. If fossil fuels are…

A: Here, it is given that the external cost is associated with the use of fossil fuels due to the issue…