20.21.23. Please answer by a.b.c.d as I didnt put them thank you. The Tragedy of Municipalities describes the arrival of new herds of sheep until the complete disappearance of the grass of the near-municipalites. A solution to this dilemma would be to • Limit the size of the herds. Sell a limited number of permits to herd owners. Increase the area of communal meadows. ( Ensure that externalities are internalised by subsidising the Production of sheep's wool __ When the externalities of a market are remedied, All citizens of a community are in advantage (all are winners). The social surplus is maximised. • All these statements are true. The solution is fair — The provision of a public good by the government will be efficient (optimal) if (AmS is lower than CmS. O AmS (the social marginal advantage) = CmS (the social marginal cost). O the marginal social benefit is greater than the social marginal cost (MS). The private marginal advantage is greater than the social marginal cost.
20.21.23. Please answer by a.b.c.d as I didnt put them thank you. The Tragedy of Municipalities describes the arrival of new herds of sheep until the complete disappearance of the grass of the near-municipalites. A solution to this dilemma would be to • Limit the size of the herds. Sell a limited number of permits to herd owners. Increase the area of communal meadows. ( Ensure that externalities are internalised by subsidising the Production of sheep's wool __ When the externalities of a market are remedied, All citizens of a community are in advantage (all are winners). The social surplus is maximised. • All these statements are true. The solution is fair — The provision of a public good by the government will be efficient (optimal) if (AmS is lower than CmS. O AmS (the social marginal advantage) = CmS (the social marginal cost). O the marginal social benefit is greater than the social marginal cost (MS). The private marginal advantage is greater than the social marginal cost.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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20.21.23.
Please answer by a.b.c.d as I didnt put them thank you.
The Tragedy of Municipalities describes the arrival of new herds of sheep until the complete disappearance of the grass of the near-municipalites. A solution to this dilemma would be to
• Limit the size of the herds.
Sell a limited number of permits to herd owners.
Increase the area of communal meadows.
( Ensure that externalities are internalised by subsidising the
Production of sheep's wool
__
When the externalities of a market are remedied,
All citizens of a community are in advantage (all are winners).
The social surplus is maximised.
• All these statements are true.
The solution is fair
—
The provision of a public good by the government will be efficient (optimal) if
(AmS is lower than CmS.
O AmS (the social marginal advantage) = CmS (the social marginal cost ).
O the marginal social benefit is greater than the social marginal cost (MS).
The private marginal advantage is greater than the social marginal cost.
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