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2) Consider individuals that drive with their car to their summer house every weekend. A) Is this a positive/negative externality of production/consumption? B) Draw social cost or value curves with demand and supply curves in a graph, show optimum and market quantities. C) Which policies the government can implement in this case?

2) Consider individuals that drive with their car to their summer house every weekend. A) Is this a positive/negative externality of production/consumption? B) Draw social cost or value curves with demand and supply curves in a graph, show optimum and market quantities. C) Which policies the government can implement in this case?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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2) Consider individuals that drive with their car to their summer house every weekend. A) Is this a positive/negative externality of production/consumption? B) Draw social cost or value curves with demand and supply curves in a graph, show optimum and market quantities. C) Which policies the government can implement in this case?
Transcribed Image Text:2) Consider individuals that drive with their car to their summer house every weekend. A) Is this a positive/negative externality of production/consumption? B) Draw social cost or value curves with demand and supply curves in a graph, show optimum and market quantities. C) Which policies the government can implement in this case?
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