Which of the following are devices that governments can use to achieve a more efficient allocation ofresources in the presence of external benefitsGovernment subsidiesa.Pigouvian taxesOb.Public provisionOc.Coase taxesOd.A or bOe.None of the aboveOf.

The efficient allocation of resources refers to the provision of resources in a fair manner. In…

Answered: Which of the following are devices that…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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21 24 P 500 300 250 50 50 M DE J F CH 91 ABG K S MSB D 50 80 90 100 Q Which of the following would lead to the allocatively efficient outcome? A subsidy A price floor of $250 A quota of 90 units A tax
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Costs and Revenue MR MC D Quantity Based on the graph, you can answers. MR curve is defined as 20-2Q, MC curve is defined as 2Q, and Demand curve is definded as 20 - Q. What is the quantities that maximize a social benefit? Your answer should be 1 decimal points such as 2.1 or 3.1. Do not write ratio such as 10/3. Do not include $. Answer should be 200 instead of $200
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.
Suppose the hot sauce firm cannot reduce the externality without reducing costs. What is a possible next step the government could take to reduce it? Select all that apply. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. Tax the firm for each bottle of hot sauce produced. a b C d e Create a limit on the maximum number of bottles the firm can make. Subsidizing each bottle of hot sauce made. Not allowing consumers to buy hot sauce. Forcing the firm to install equipment to reduce the amount of pollution generated. Answered Incorrect 1 attempt left Resubmit

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Which of the following are devices that governments can use to achieve a more efficient allocation of resources in the presence of external benefits Government subsidies a. Pigouvian taxes Ob. Public provision Oc. Coase taxes Od. A or b Oe. None of the above Of.