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Author Question: Refer to Scenario 16.1 below to answer the question(s) that follow.SCENARIO 16.1: The marginal ... (Read 21 times)

Haya94

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on: Apr 19, 2019

Question 1

If the government wishes to encourage firms to internalize externalities, they should ________ activities resulting in negative externalities and ________ activities resulting in positive externalities


◦ tax; subsidize
◦ subsidize; tax
◦ ban; generate
◦ place an injunction against; tax

Question 2

Refer to Scenario 16.1 below to answer the question(s) that follow. 

SCENARIO 16.1: The marginal benefit for a particular food is described by 
MB = 30 - 
q, where q refers to the quantity of the food. The marginal cost of producing the food is described by 
MC = 2
q. There is a negative externality associated with food production and the marginal social cost of food production is 
MSC = 4
q.





Refer to Scenario 16.1. The competitive output level is ________ and the competitive price is ________.


◦ 10 units of food; $20
◦ 6 units of food; $24
◦ 0 units of food; $0
◦ 4.29 units of food; $25.71
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Haya94 on Apr 19, 2019

Carliemb17

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Haya94

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Reply #2 on: Apr 19, 2019
Excellent


Carliemb17

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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