best example of a positive external benefit generated

Q: (Figure: Softella) Refer to the figure. The figure shows a market for medicated tissues. Assume that…

A: The presence of externality in the free unregulated market creates the market failure because due to…

Q: Which of the following statements about external costs is TRUE? A Economics uses the term "external…

A: Here's why the other options are incorrect:a) Incorrect: External costs can be significant and have…

Q: The graph shows the market for North Atlantic tuna. The quantity of tuna that fishers catch i…

A: In the language of economics, market equilibrium occurs when producers' willingness to supply an…

Q: Morginal cost and marginal benefit (dollors per pound) 2 0 MSC MSB 100 200 300 400 500 600 Quantity…

A: Maximum efficiency in economics refers to the condition wherein an economy employs its resources…

Q: QUESTION 39 Figure 10-6 24 PRICE (Dolars per unt) 20 Supply Demand H 600 600 300 400 QUANTITY (Units…

A: External Cost  Externalities in the economy are known as external costs. It refers to the additional…

Q: Soybeans are produced and sold in a perfectly competitive market. The fertilizers used in soybean…

A: Since the question you have posted has multiple parts, we will answer the first three parts for you.…

Q: a. Calculate the total social costs (TSC) in the rural area when the emission level is e rural.…

A: Economists define total social cost (TSC) as the cost incurred by the producers of goods and…

Q: Presently, there is a major conference in Glasgow Scotland regarding climate change, neither the…

A: Introduction: A climate meeting/environment gathering that will help with choosing how warm the…

Q: These refers to the full spectrum of natural resources that are most often negatively affected by…

A: Natural resource economics is concerned with the supply, demand, and allocation of natural resources…

Q: Tradable pollution permits a. set the price of pollution. b. set the quantity of pollution. c.…

A: Trade pollution permits are the economic policy instruments that grant firms the right to pollute…

Q: The best way to fight deforestation is

A: Deforestation: It means clearing forests.

Q: -A single firm's innovations in production technology often benefit the production of other firms…

A: The specificity rule in economics asserts that in the presence of negative externalities and/or…

Q: According to the environmental Kuznets curve, as per capita incomes rose, a. Pollution would rise…

A: introduction Environment as a separate branch of economics called environmental economics has become…

Q: Possible methods for avoiding the externalities in a free-market economy?

A: An externality refers to the benefits or costs which are caused by yhe producers but are not…

Q: generated in a good production process, the main issue will be:   a.     That consumers will be…

A: Externality is a situation when the third party is affected by the production or consumption of a…

Q: egative externality or spillover cost occurs when Multiple Choice firms fail to achieve allocative…

A: The result of production might be characterised as an externality. Externalities come in two primary…

Q: An external cost is: Select one: a. a cost paid by the consumer or the producer. b. the cost to…

A: External cost refer to the economic concept of uncompensated social or environmental effects. For…

Q: Is environmental pollution a failure of the free market system?

A: Yes, environmental pollution is an outcome of free market system failure.

Q: Common resources are goods that are and Select the correct answer below: non-excludable; rivalrous…

A: Answer is given below

Q: Because education generates a positive externality, ..... O A. subsidies to colleges or vouchers to…

A: A positive externality occurs when the production of goods and services indirectly benefits a third…

Q: A small firm burning compost to produce energy opens next to an urban farm in London. The firm emits…

A: Microeconomics studies the economic behavior of individual units such as a firm, a market, a…

Q: The U.S. government has threatened to increase tariffs on European luxury automobiles because of a…

A: The question is asking us to identify the impact of a potential increase in tariffs on European…

Q: An external cost is a cost paid by _____ of the good.     a consumers b producers  c neither…

A: The idea of external costs is related to economics, notably in the area of inefficiencies and market…

Q: Our very existence makes environmental problems inevitable. Environmental problems are not new.…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: In response to increasing concern about man made climate change, there have been a number of policy…

A: The problem of environmental degradation occurs (pollution) due to the human economic activities and…

Q: c. Taking into account the social marginal costs (SMC), d. Taking into account the social marginal…

A: The measure that depicts the cost or benefit being caused through a producer that is in turn not…

Q: After Nike built a plant in a rural area, it discovered that families were taking their children out…

A: The firm starts its branch in a remote area and that starting of the new branch leads to the locals…

Q: Suppose Hawi lives alone. She has two pet hamsters; she likes the hamsters because they are cute.…

A: A cost or benefit that a producer incurs or receives but is not reimbursed for is known as an…