Ceteris paribus, goods with "positive externalities" tend to beby the free-market private sector; thus, in moderndeveloped economies these goods are often,by the government.Select one:O a. over-supplied; taxedO b. under-supplied; taxedOc. over-supplied; supplied or otherwise subsidizedd. under-supplied; supplied or otherwise subsidized

Ceteris paribus, goods with "positive externalities" tend to be developed economies these goods are often by the free-market private sector; thus, in modern by the government. Select one: O a. over-supplied; taxed O b. under-supplied; taxed C. over-supplied; supplied or otherwise subsidized d. under-supplied; supplied or otherwise subsidized

Ceteris paribus, goods with "positive externalities" tend to be developed economies these goods are often by the free-market private sector; thus, in modern by the government. Select one: O a. over-supplied; taxed O b. under-supplied; taxed C. over-supplied; supplied or otherwise subsidized d. under-supplied; supplied or otherwise subsidized

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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QUESTION 10 Using the attached table, once the tax is implemented, the tax revenue will be be Quantity MB 520 525 530 535 540 545 550 164 160 156 152 148 144 140 136 MC 80 90 100 110 120 130 140 555 150 Note: MB designates the marginal benefit and reflects the values on the demand curve. MC is the marginal cost and designates the values on the supply curve. O $18,375, $1,750 $70, $35 O $36,750, $875 O $525, $1,750 MB-Tax (Amount producer receives) 94 90 86 and the deadweight loss will 82 78 74 70 66
Aiden gi,es piano lessons. He has an opportunity costof $50 per lesson and charges $60. He has two students: Brandon, who has a willingness to pay of $70,and Chloe, who has a wi llingness to pay of $90. Whenthe government pu ts a $20 tax on piano lessons andAiden raises his price to $80, the deadweight loss is_________________and the tax revenue is__________a. $10, $20b, $10, $40C. $20, $20d, $20, $40
part C and D i need it in word not handwritten solution
Figure 1. The graph depicts the market for plastic containers. Price 16- 14- 12- 10 8- 6 200 500 650 Social Cost Private Cost Demand Quantity Refer to Figure 1. In order to reach the social optimum, the government could O offer a subsidy of $8 per unit on the production of plastic containers. O impose a tax of $8 per unit on the production of plastic containers. O offer a subsidy of $4 per unit on the production of plastic containers. O impose a tax of $4 per unit on the production of plastic containers.
Your grandmother likes old-fashioned yard salesand doesn’t understand why everyone is so excitedabout eBay. Explain to her why the creation of amarket that enables people who don’t live in thesame town to buy and sell used goods increasestotal surplus over the yard-sale market.
If the government subsidizes a product, what is the relationship between the price that buyers pay (PB) and the price that sellers receive (PS)? a. PB + subsidy = Ps b. PB + Ps= subsidy O c.PB = Ps+ subsidy Od. PB (1 + subsidy) = Ps
The government is worried about high rates of cigarette smoking and so it's considering implementing a cigarettes tax. The government knows that the demand for cigarettes is very inelastic, and the supply of cigarettes is perfectly elastic. Which of the following statements are true? (Select all that apply.) O a. It doesn't matter how the tax is implemented. O b. There are positive externalities associated with smoking. O c. Smoking will decrease only slightly in the short-run. O d. Regardless of how the tax is implemented, consumers will pay the full amount of the tax. O e. The government will collect more revenue if the tax is on the suppliers. O f. Consumers and suppliers will split the burden of the tax. O g. Smoking will decrease more if the tax is the on the suppliers. O h. A tax on cigarettes is one way to make smokers internalize the cost of the externalities associated with smoking. O i. Smoking will decrease more in the long-run than in the short-run. O j. Smoking will…
Homework 4 Compatibility Mode OSearch Josep ayout Mailings Review View Help Text Box References 12 -A A Aa A E E-E 三 AaBbCcl AaBbCel AaBbC AaB AoBbcct 1 Normal 1 No Spac. Heading 1 Title Subtitle b x, x A- .A EEE- E- Styles Font Paragraph 4. The three diagrams show the market for blue cod. The demand curve for cod is the same in each scenario. Scenario A represents market day; all of the fishing is done for the day, so price does not affect supply: supply is perfectly inelastic. Scenario B represents the short term, in which fishing boat captains can change a little what they do in response to a price change, but not much. Scenario C represents the market a year from now, when captains can decide to move to a different market, sell or buy boats, hire or fire crews, etc... so in Scenario C, supply is much more responsive to a price change. Scenario A Scenario B Scenario C Pe Pe Pe Focus 23 hp 144 IDI %23 & 3. 4 5. 6. 7. 8. %24
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