When a quota is used with "cap and trade" to control an externality, the government must determine both _____ and _____.

Q: a)Some advocates of anti-poverty programs claim that fighting poverty is a public good. Explain what…

A: a, The public goods are those goods which have the two basic features of non-excludability and…

Q: You should research evidence of market failure and government intervention in the assigned country.…

A: Market failure is the situation when there is an insufficient supply of a good or service as…

Q: Consider the market for tires. Assume that cotton candy exhibit positive externalities. a. Draw a…

A: An externality refers to a cost or benefit that arises from a market transaction to a third party…

Q: How the subsidies can solution the externalities problem

A: An externality is a cost or benefit of an economic activity experienced by an unrelated third party.…

Q: I need help with question 2. You guys have already answered number 1.  Externalities and Tax…

A: Answer 2. An externality is a cost or benefit incurred or received by a producer that is not paid…

Q: An externality has marginal benefits MB = 24 - 2q, marginal social benefits MSB = 24 - q and…

A: A positive externality occurs when the production and consumption of a good / service benefits a…

Q: Briefly define each of the following concepts. a. An in medias res cost-benefit analysis. b. The…

A: The objective of a Cost Benefit Analysis is to place a dollar valuation on the anticipated project…

Q: Explain a positive and negative externality that you have recently consumed. Please relate your…

A: A benefit or a cost which is imposed on a third party, who has not agreed to bear the cost or…

Q: A) Will a private firm have any incentive to produce and sell a public good? Please give an…

A:

Q: For each government action, indicate the type of government activity and justification.…

A: a) New York city bans smoking in restaurants – EXTERNALITY.  Smoking in public places creates…

Q: An externality is Select one: a. a market equilibrium tax. b. the costs that parties incur in the…

A: Externality is one the examples of market failure.

Q: a) market-based policy

A: The economic policy of France 2017 focused on more inclusive growth by improving the social and…

Q: Consider a market with the following supply and demand.  (It may help to draw a graph for these…

A: To internalize an external cost, government has to impose a Pigovian tax per unit, that is equal to…

Q: Two forms of market failures are ____ and ____.   A. public goods ; externalities   B. Pareto…

A: A) public goods and externality

Q: Suppose now that there is a negative production externality in country B. This externality arises…

A: Since you have posted multiple question, as per the guideline we can solve only one question at a…

Q: Figure 10-3 Price Supply (Private Cost) Social Value Demand (Private Value) Quantity Qnanat Quytmum…

A: External Benefit: The benefit is enjoyed by the third person who is neither a consumer nor a…

Q: a) Identify the type of market failure illustrated by the graph. Explain. b) Using the numbers on…

A: Answers   1.The market failure here is an externality. It is a type of positive externality. It…

Q: Policymakers are provided data about the private and social benefits of a good being sold in the…

A: An externality can be positive or negative. A positive externality is a benefit received by a third…

Q: Subsidies are   A. all of the other answers.   B. rewards for those receiving a positive…

A: Subsidies are paid by the government to owners of goods and services for various reasons. Sometimes…

Q: Answer the attached question

A: In case of no government intervention the market equilibrium will be at the point where the private…

Q: Why are externalities considered market failures? O they are economically inefficient O they are…

A: Negative externality refers to the situation where the third party who does not involve in the…

Q: How external cost affect supply and demand

A: External cost:- These are those cost or benefits that effects a third party apart from buyer and…

Q: When consumers pay less for something than it is worth to them, they receive a(n) ______.…

A: According to Bartleby answering guidelines in case of multiple questions we are required to answer…

Q: The supply and demand conditions facing a firm that makes widgets and generates a negative…

A: As the market creates negative externality, without government intervention the market equilibrium…

Q: Nail-polish production generates an external harm. The figure below captures the market for bottles…

A: In the above diagram, S1 represents the private cost (MPC) and S2 represents the social cost…

Q: Figure 10-12 Price Supply External benefit Line 1 Quantity Refer to Figure 10-12. Which of the…

A: Externality leads to either overproduction or underproduction . And it is spillover effect of an…

Q: Explain how government subsidies to producers solve externalities ?

A: Government pays a part of the cost to the firm in the form of subsidies. This in turn leads to…

Q: This graph represents the tobacco industry. IPrice 16 14 Social Cost 12 10 Private Cost 8 6 4 Demand…

A: The market equilibrium is where the demand of the good is equal to the supply of the good.…

Q: 20 18 S- MSC 16 14 12 10 MSB D = MB 2 2 6 8 10 Quantity (millions of students per year) 2. The…

A: a)  When the marks are left unregulated MB = MSC So, 4milliion students will be enrolled per year.

Q: The graph shows the marginal private benefit from a veterinary degree and the marginal cost of…

A: Marginal social benefit is the adjustment of benefits related with the utilization of an extra unit…

Q: Which of the following statements is true?   a. Competitive markets result in the socially…

A: Effluent Tax is that charge which is paid due to discharging waste to the environment and is imposed…

Q: A neighborhood homeowners' association charges a fee when residents make loud noise from 9 p.m.…

A: Externalities are the harmful or beneficial side effects arise out of production or consumption of…

Q: tax or a subsidy

A: Considering the external economic cost, a tax would suggest a reduction in the alcohol consumption…

Q: Q Search this Homework (Ch 10) Supply Demand Supply Demand QUANTITY (Units) than the With this type…

A: The correct answer is given in the second step.

Q: Externalities and Tax Incidence 1. Sketch a supply and demand framework for paved driveways. Who do…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: In this market, how much is the external cost from the production of each unit of tobacco? To reach…

A: Given;

Q: Some economists claim that early child care generates an external benefit to society. a. What is the…

A: A positive externality refers to a benefit received by a third party from an economic transaction in…

Q: Quantity Quantity Supplied (Private Supplied (Social Cost) 6000 7500 9000 11,000 14,000 Quantity…

A: Negative externality creates a loss to a third party who is not directly involved in the activity.…

Q: Explain one negative externality and one positive externality that is currently happening in your…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: Explain how subsidies provided by the government to producers solve their externalities

A: A government subsidy is the amount of money that individuals and corporations receive as benefits…

Q: Ceteris paribus, goods with "positive externalities" tend to be developed economies these goods are…

A: A positive externality occurs when there is a benefit to a third party that is not involved in…

Q: An increase in globalization has lead to an increase in pollution, and this is a problem because…

A: The cost or benefit that is being caused by a producer that is not being received or incurred…

Q: Consider the market for tires. Assume that tires exhibit positive externalities. a. Draw a graph of…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Some economists claim that early child care generates an external benefit to society. Use the below…

A: The externality is said to be created when an individual or a firm produces or consumes a good that…

Q: Which of the following can the government use to address an externality? O All of these A subsidy…

A: A benefit or cost being caused by a producer that is in turn not incurred or received financially by…