Aiticle Link: https://bit.lv/3fbNtrFeThe following graph represents the market for high-emissions cars. Answer this questionassuming that the externality is not internalised.Price ofhigh tmiieesvekidesSecialValueBabetty highemistions vehilesWhat is the private value of the last unit traded (or the willingness to pay of the marginalbuyer) in the market?P1O P2O P3P4

A marginal buyer indicates a buyer who stays at the equilibrium only. Therefore, such buyer cannot…

Aiticle Link: https://bit.lv/3fbNtrE The following graph represents the market for high-emissions cars. Answer this question assuming that the externality is not internalised. Price f high emiees vekides Sial Value Batoly 4 high missiena vehiles What is the private value of the last unit traded (or the willingness to pay of the marginal buyer) in the market?

Aiticle Link: https://bit.lv/3fbNtrE The following graph represents the market for high-emissions cars. Answer this question assuming that the externality is not internalised. Price f high emiees vekides Sial Value Batoly 4 high missiena vehiles What is the private value of the last unit traded (or the willingness to pay of the marginal buyer) in the market?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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urco Use the chart below to answer the following question. The Socially Optimal Quantity of Pollution Select one: O a. $83 O b. $250 O c. $500 O d. $167 Marginal social cost, marginal social benefit $500 250 167 0 MSC MSB 83 125 Quantity of pollution The chart above shows the marginal social cost (MSC) and marginal social benefit (MSB) of pollution. Using the information provided in the figure, we can conclude the optimal Pigouvian tax per unit of pollution is:
Time left 0:16:1 Suppose that elementary education creates a positive externality. If the government does not subsidize education, then Select one: the equilibrium quantity of education will be less than the socially optimal quantity of O a. education O b. the equilibrium quantity of education is optimal the equilibrium quantity of education will be greater than the socially optimal quantity of education C. Od. the equilibrium quantity of education will be equal to the socially optimal quantity of education Next page page r on this page
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WHY SHOULD OTHER PECPLE BENEFIT FROM MY HARD WORK? 1994 Wateron De tyh e d Figure 1 Figure 1 shows how Calvin carefully avoids creating a positive externality (think of this as the equivalent of a factory applying a filter to eliminate any polluting emissions). Assume that this way of snow shovelling does not create any additional costs for Calvin (no extra effort and he has no plans to return home any time soon). b) As creating positive externalities leads to a social problem (see question a), and Calvin's way of snow shovelling avoids creating positive externalities, does Calvin's behaviour imply an efficiency improvement from a social point of view? Explain.
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