====>Please give me the correct and incorrect answer with explanation Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. PRICE- Icon Key2018161410Figure 10-3Social ValueSupplyRegand248 10 12 14 16 18 20QUANTITYRefer to Figure 10-3. If the government wanted to tax or subsidize this good to achieve the socially optimal level of output, it wouldO a. introduce a subsidy of $2 per unitO b. impose a tax of $2 per unitO cimpose a tax of 14 per unit.Od introduce a subsidy of 54 per unit.

The social optimum level of output in economics signifies maximum overall society's welfare through…

PRICE O-Icon Key 20 18 16 14 10 Figure 10-3 Social Value Supply Regand 2468 10 12 14 16 18 20 QUANTITY Refer to Figure 10-3. If the government wanted to tax or subsidize this good to achieve the socially optimal level of output, it would O a introduce a subsidy of $2 per unit O b. impose a tax of $2 per unit O cimpose a tax of 14 per unit. O d introduce a subsidy of 54 per unit

PRICE O-Icon Key 20 18 16 14 10 Figure 10-3 Social Value Supply Regand 2468 10 12 14 16 18 20 QUANTITY Refer to Figure 10-3. If the government wanted to tax or subsidize this good to achieve the socially optimal level of output, it would O a introduce a subsidy of $2 per unit O b. impose a tax of $2 per unit O cimpose a tax of 14 per unit. O d introduce a subsidy of 54 per unit

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter16: Externalities, The Environment, And Natural Resources

Section: Chapter Questions

Problem 2DQ

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18. The next few questions are about this generic market with a negative consumption externality. Fill in the welfare table below with the areas associated with each welfare measure. aslhee or batoob A P. 1 F H. G MSB Q, Qi tax that leads to Qo CS PS tax revenue externality total surplus gqg 53 2Abbo20 (p re 9 boagns exrsLU ednsto 75 beLapor ent
11. Compared to a good with no externalities, a good with a negative externality will appear to have experienced a OIncrease in Supply ODecrease in Supply Olncrease in Demand ODecrease in Demand at each corresponding price...
45 40 35 30 25 20 P ($) Social cost Supply 15 10 Demand 5 0 0 10 20 30 40 50 60 70 80 90 100 wanted to tax or subsidize this good to achieve the Refer to the figure above. If the government socially-optimal level of output, it would Select one: O a introduce a subsidy of $10 per unit. O b. impose a tax of $10 per unit. Oo impose a tax of $15 per unit. Od introduce a subsidy of $15 per unit. 8
Price $240 $220 $200 $180 $160 $140 $120 $100 $80 $60 $40 $20 0 S-MCMC Quantity of pediatrician visits Dudy-110 D$30 M Tools OWL OWL © a. Assume that the correct level of subsidy is $60. The socially optimal level of pediatrician visits is: 350 visits b. Compared to the efficient outcome, graph the deadweight loss that would result from subsidies of $30 or $90. Instructions: Use the tools provided "DWL 30' and 'DWLgo' to illustrate the deadweight loss for each subsidy. Drag the points to move or resize.
QUESTION 6 Figure 10-3 PRICE 000 22222S 20 18 16 14 10 8 6 4 Social Value Demand, 246 8 10 12 14 16 18 20 QUANTITY Refer to Figure 10-3. If the government wanted to tax or Iubsidize this good to achieve the socially optimal level of output, it would a introduce a subsidy of $2 per unit. Supply b. impose a tax of $2 per unit. c. introduce a subsidy of $4 per unit. d, impose a tax of $4 per unit.
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.
Price (per pack) 11 10 9 8 7 -NW AS a 3 2 1 0 2 4 6 8 10 12 14 16 18 20 Quantity (millions of packs per year) DM DS If cigarettes are priced at $3 a pack. Instructions: Enter your responses as a whole number. a. what is the quantity demanded in the market? million packs per year b. what is the socially optimal quantity? million packs per year c. If the government were to Intervene and tax cigarettes, how large of a tax is needed per pack to achieve this optimal outcome?
This graph represents the tobacco industry. IPrice 16 14 Social Cost 12 10 Private Cost 8 6 4 Demand 200 500 650 Quantity a) Without any government intervention, what is the market determined price and quantity? b) What is the price of the externality? c) What is the socially optimal price and quantity? d) What should the government do (impose a tax or provide a subsidy) to internalize this externality? What is the amount of the the corrective tax/subsidy needed to be to move the outcome from the market equilibrium to the socially-optimal outcome?
Commun U ASTRAL15963907 Su Home | Shöreline C E D Multiple Choice O Quantity Refer to the provided supply and demand graph for a product. In the graph, line S is the current supply of this product, while line St is the optimal supply from the society's perspective. One solution to this externality problem is to give consumers a subsidy of the amount FG per unit. tax producers by the amount DE per unit. give producers a subsidy of the amount AB per unit tax consumers by the amount EF per unit Seved Save
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In economic term, COVID-19 vaccinations provide A. negative externality B. positive externality C. sunk costs D. waste