Why government needs to produce pure and impure public goods?

Q: Problem 3: Tradable Permits There are three major ferry lines operating on the East River, each…

A: The following problem has been solved as follows:

Q: If a Pigouvian tax is used to reduce carbon emissions, it must be set to be equal to 1. the private…

A: A Pigouvian tax is a type of government tax on any market activity that creates negative…

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: a. What is the market price (market value) of the product? 8 per unit b. What is the market output?…

A: Here, the given graph shows the demand and supply of a good in the market with equal price…

Q: Government raises it's expenditure on producing public goods. Which economic value does it reflect?…

A: # The goods which are available to all the public without any motive of Profits are public goods.

Q: How are businesses responding to the environmentalissues facing society?

A: Business activities often involve extraction of resources from the environment. In carrying out…

Q: Externalities in Your Current Home Country Environmental Economic Market.?

A: Externalities occur when the exchange between buyers and sellers and it will affect the third person…

Q: An nore pro and innovative, which leads to a better standard of living for everyone. However, when…

A: Meaning of Positive Externality: This happens when the utilization or creation of a worthwhile…

Q: 24. When a good or service is Non-Rival and Non-Excludable, it is is classified as a a) Private Good…

A: Non-rival: A good or service is non-rival in nature if consumption of this good by a person does not…

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: Relatives and friends whom the consumer trusts are known as sources of external information.

A: Relative and friends sometimes act as a source of external information.

Q: List any two of the factors that can help communities manage a commons.

A: The ‘Tragedy of Commons’ is a situation that arises due to the over-use of common resources. 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: A cement factory is located near a river which is also used for training sessions by a team of…

A: In welfare economics, externalities are the costs and benefits that are derived from an economic…

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: 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: What do you mean by the term “Publically provided private Goods”.?

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

Q: Too much of a good or service is produced when there is a O Public good Negative externality…

A: In the absence of market failures, the competitive market allocates resources efficiently and…

Q: How do social costs and benefits differ from private costs and benefits?

A: Private costs for the manufacturer of a good/service shows the costs that the firm pays to buy…

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

A: A public good is a good that an individual can consume without reducing another individual’s…

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: 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: The government auctions off 500 units of pollution rights. They sell for 50 dollars per unit,…

A: A corrective tax is a tax which is designed to induce the private decision makers to take the…

Q: Why is emission mitigation is considered as a public good?

A: Emission mitigation is considered as a public good.

Q: What are the efficiency and equity consideration when providing public goods?. Kindly explain

A: Public goods are those goods that are non-excludable and non-rivalrous in nature. Non-excludable…

Q: The government auctions off 500 units of pollution rights. They sell for $50 per unit, raising total…

A: Pollution rights give the rights to the firm to emit the pollution. The government provides a…

Q: Suppose the demand for a product is P = 400 - 0.25 Q and the supply of the product is P = 100 +0.75…

A: Private equilibrium: PMB = PMC. Socially optimal output: PMB = SMC.

Q: Negative Externalities Exercise 1 (Algo) Texarkana Electric Company burns coal to heat the water…

A: "A negative externality measures the difference between the private cost of an economic action and…

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: Nowadays it is very hard for a firm to contribute to the economy without polluting the environment.…

A: Economic development can cause environmental harm. This tradeoff exists for all nations, whether…

Q: What is public goods!

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

Q: Problem 3: Tradable Permits There are three major ferry lines operating on the East River, each…

A: Given information   Table -1 Firm Quantity of pollution Cost of reducing…

Q: Two example of public property.

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

Q: Which of the following is a private good? O a highway O a lighthouse O a ballpoint pen national…

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

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: How would you distinguish between consumerism and environmentalism in terms of scope and influence?

A: Consumerism is associate organized movement of people and government agencies, to boost the rights…