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michelleunicorn

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Recall the Application about the external cost of young drivers to answer the following question(s).


Recall the Application. If the external costs of drivers on average could be internalized by a vehicle mileage traveled tax of 4.4 cents per mile, then you would expect that to fully internalize the external costs of accident by drivers younger than 25 to be:
◦ 4.4 cents per mile.
◦ higher than 4.4 cents per mile.
◦ lower than 4.4 cents per mile.
◦ zero as there are no externalities in driving.


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Marked as best answer by michelleunicorn on Jul 21, 2019

millet

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