a. Jerome has a beautifully landscaped front lawn with lots of colorful flowers. Landscaped lawns produce a landscaped lawns exist relative to the socially efficient quantity. externality. b. Dave takes advantage of the low price of gas to purchase a sports utility vehicle. Sports utility vehicles generate a externality. sports utility vehicles are produced relative to the socially efficient quantity. c. Susan decides to walk to work instead of driving. Walking to work creates a externality.

a. Jerome has a beautifully landscaped front lawn with lots of colorful flowers. Landscaped lawns produce a landscaped lawns exist relative to the socially efficient quantity. externality. b. Dave takes advantage of the low price of gas to purchase a sports utility vehicle. Sports utility vehicles generate a externality. sports utility vehicles are produced relative to the socially efficient quantity. c. Susan decides to walk to work instead of driving. Walking to work creates a externality.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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