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Author Question: The diagram below shows the supply and demand diagrams for the competitive market for honey in one ... (Read 219 times)

tspaw0811

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on: Oct 12, 2022

Question 1

A flu vaccine has an associated ________ externality. In the absence of government intervention, the quantity of flu vaccines purchased will be ________ the socially optimal quantity.
◦ positive; less than
◦ positive; more than
◦ negative; the same as
◦ positive; the same as
◦ negative; less than

Question 2

The diagram below shows the supply and demand diagrams for the competitive market for honey in one region. MC0 represents private marginal cost and MB0 represents private marginal benefit.



FIGURE 16-3

Refer to Figure 16-3. Assume there are two types of firms in this region-beekeepers that produce honey and orchard keepers that produce peaches. The bees provide a benefit to the orchard keepers by pollinating their peach trees. In the absence of any government intervention, the equilibrium price and quantity in the honey market are


◦ $7 and 80 kg.
◦ $5 and 60 kg.
◦ $5 and 100 kg.
◦ $11 and 80 kg.
◦ $9 and 60 kg.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by tspaw0811 on Oct 12, 2022

rhhoagland

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Reply #1 on: Oct 12, 2022
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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tspaw0811

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

Liamb2179

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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