Negative externalities and fast food Task 6b Explain the concept of negative externalities Point value In no more than 200 words, briefly explain the concept of negative externalities. 4 points Does eating too much fast food generate a negative externality? Why or why not? Format - Evidence of negative externalities | Reflection (written) Point Answer box value Negative externalities and fast food Task 6c | Negative externality: Consuming too much fast food Create two demand and supply diagrams to demonstrate the following: In your first diagram show the negative externality of consuming too much fast food. Carefully label your diagram and identify the deadweight loss. In your second diagram add a tax to this market. Highlight what happens to consumption. In a dot point below your last diagram briefly tell us whether the second diagram has a deadweight loss. Point value 8 points Format - Evidence of negative externality of consuming too much fast food | Reflection (written) Answer box Point value Positive externalities Task 7 | Positive externality Our client argues that "eating fruits and vegetables generates a positive externality." Discuss whether this is the case and how a subsidy can address this. When discussing please do not use a graph, please prepare a 200-word statement. Format-Evidence of positive externality | Reflection (written) Answer box Point value 6 points Point value

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
Section: Chapter Questions
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Negative externalities and fast food
Task 6b Explain the concept of negative externalities
Point
value
In no more than 200 words, briefly explain the concept of negative externalities. 4 points
Does eating too much fast food generate a negative externality? Why or why not?
Format - Evidence of negative externalities | Reflection (written)
Point
Answer box
value
<Please enter your response here>
Negative externalities and fast food
Task 6c | Negative externality: Consuming too much fast food
Create two demand and supply diagrams to demonstrate the following:
In your first diagram show the negative externality of consuming too much fast food. Carefully
label your diagram and identify the deadweight loss.
In your second diagram add a tax to this market. Highlight what happens to consumption.
In a dot point below your last diagram briefly tell us whether the second diagram has a
deadweight loss.
Point
value
8 points
Format - Evidence of negative externality of consuming too much fast food | Reflection (written)
Answer box
Point
value
<Please enter your response here>
Positive externalities
Task 7 | Positive externality
Our client argues that "eating fruits and vegetables generates a positive externality." Discuss
whether this is the case and how a subsidy can address this. When discussing please do not use a
graph, please prepare a 200-word statement.
Format-Evidence of positive externality | Reflection (written)
Answer box
Point
value
6 points
Point
value
Transcribed Image Text:Negative externalities and fast food Task 6b Explain the concept of negative externalities Point value In no more than 200 words, briefly explain the concept of negative externalities. 4 points Does eating too much fast food generate a negative externality? Why or why not? Format - Evidence of negative externalities | Reflection (written) Point Answer box value <Please enter your response here> Negative externalities and fast food Task 6c | Negative externality: Consuming too much fast food Create two demand and supply diagrams to demonstrate the following: In your first diagram show the negative externality of consuming too much fast food. Carefully label your diagram and identify the deadweight loss. In your second diagram add a tax to this market. Highlight what happens to consumption. In a dot point below your last diagram briefly tell us whether the second diagram has a deadweight loss. Point value 8 points Format - Evidence of negative externality of consuming too much fast food | Reflection (written) Answer box Point value <Please enter your response here> Positive externalities Task 7 | Positive externality Our client argues that "eating fruits and vegetables generates a positive externality." Discuss whether this is the case and how a subsidy can address this. When discussing please do not use a graph, please prepare a 200-word statement. Format-Evidence of positive externality | Reflection (written) Answer box Point value 6 points Point value
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