The following table shows how the marginalbenefit of a service varies for five consumers.Quantity 1SerkanAsumanBaharMuratMeriç310075501252004755025125150150125100200600a. Derive the demand curve for this serviceassuming that it is a public good.If marginal cost of the good is 850, what is theefficient output of the public good?c. If marginal cost of the good is 425, what is theefficient output of the public good?d. If marginal cost of the good is 850, what is theefficient output assuming it is private good?12510075150400o.

The marginal benefit for the five consumers are provided…

Answered: The following table shows how the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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4 C and D Please
6. Externalities Yakov plants a variety of trees, shrubs, and flowers in his yard. The landscaping beautifies the neighborhood. Which of the following is true? This will generate a positive externality. O This will not generate any externalities. The cost to Yakov of planting is a negative externality.
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Four roommates a rc planning to sp<,nd the weekendin their dorm room watching old movies, and they arcdebating how many lo watch. Herc is their willingnessto pay for each film: a. Within the donn room, is the showing of a moviea public good? Why or why not?b. If it costs $8 to rent a movie, how many movies shouldthe roommates rent to maximiz.c total surplus 7c. H they choose the optimal number from part (b)and then split the cost of renting the moviesequally, how much surplus does each personobtain from watching the movies?d. Is there any way to split the cost lo ensure tha teveryone benefits? What practical problcms doesthis solution raise?e. Su pposc they agrcc in advance to choose the ef.ficient number and lo split the cost of the moviesequall}'- When Steven is asked his willingness topa}\ will he have an incentive to tell the truth 7 Ifso, why? If not, what will he be tempted to say?f. What docs this example teach you about the optimal provision of public goods?
Sub : EconomicsPls answer very fast.i ll upvote correct answer . Thank You The figure below shows the market for water-skiing permits on Shuswap Lake in British Columbia. Every person who wishes to water ski must obtain a permit, which is valid for one day. Suppose that each water skier imposes a $4 negative externality on other people who use the lake.
2. Use the graph below to answer the two questions on the right. Price If a positive externality exists and the government intervenes, which curve shifts and in what direction? Ssocial internal If a negative externality exists and the government does intervene, which curve shifts Docial and in what direction? Dinternal Quantity
Which type of externalities does the lumber industry have when more trees are planted? A. Negative externalities in consumption. B. Positive externalities in production. C. Positive externalities in consumption. D. Negative externalities in production. E. Pecuniary externalities. F. No externality problem. OB OA OC OE OF
this is answers optimal level 43 bert 4 dolars and emily 7 dolars Please explain
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1. Two interesting public goods are radio and television signals. A. In the U.S., private markets have provided these public goods because a private good is associated with radio and television signals: advertising. Revenue from advertising makes it possible for private firms to provide the public goods-radio and television broadcasts. Explain why these are public goods.
1. Brazilian rain forests reduce global air pollution and support biodiversity. Rain forests are being cut down to support expanded production of beef for export to the US and other countries. 1. Concisely describe the market failure that leads Brazil to reduce the size of its rain forest. 2.Graph the market for beef in the US showing both the unregulated and efficient outcome. 3.In the efficient market, the negative externalities of deforestation are factored into the market price, which leads to a lower quantity of beef produced (Q2) and a higher price (P2) than in the unregulated market. 4.Explain how a tax on beef in the US would impact the price and quantity of beef and the quantity of air pollution. Graph the market for beef with a tax and discuss if/how efficiency changes after the tax. 5.A second proposal is to subsidize the development of meat substitutes (e.g. Beyond Beef, Impossible Meat, etc). Graph the impact of the entry of meat substitutes on the market for…
QUESTION 11 Figure 10-11 83 42 36 24 15 0 Price 240 420 Supply (private cost) Social value (private value and external benefit) Demand (private value) Quantity Refer to Figure 10-11. Which of the following statements is correct? O a. The private value of the 420th unit of output is $15. O b. The social value of the 420th unit of output is $42. O c. The external benefit of the 420th unit of output is $27. O d. All of the above are correct.

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