Suppose that we have a vaccines -- a public good. We have the following market: P = 4Q+ 24 P = -8Q +72 -8Q + 84 MSC = Supply %3D MSB %3D Question 1 his market shows the existence of a he market externality, where the good in question. O Positive; Underprovides O Positive; Overprovides INegative; Underprovides Negative; Overprovides

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A: Opportunity cost means the forgone income.  It means what actual amount we have lost in acquiring…

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A: Generally in the given question, Income value is = 80 Consumption value is = 60 Savings = ? Needed

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A: Given: Income=$340 Price of food = $1  Price of alcohol =$4Food Stamps =$65

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A: 100+20+200000120+200000200120

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A: There is a slight mistake in the solution as per the solution given by the expert

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