This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Externalities of ConsumptionThe graph shows the market for flu shots, which causes a positive ... (Read 289 times)

Tiffanyanne824

  • Full Member
  • ***
  • Posts: 142
on: Nov 23, 2022

Question 1

Suppose demand is Qd = 66 – P and supply is Qs = P. There is a constant negative externality of $6 per unit. What is the market equilibrium quantity? What is the economically efficient quantity?
◦ 30, 33
◦ 33, 36
◦ 30, 36
◦ 33, 30

Question 2

Externalities of Consumption

The graph shows the market for flu shots, which causes a positive externality due to impacts on herd immunity.
 
Assume that P1=$1.90, P2=$3.10, P3=$5.75, P4=$7.55, Q1=465, Q2=920, and Q3=1,480. The market equilibrium results in ________ (overproduction/underproduction) of flu shots by ________ units.
◦ underproduction, 1,015
◦ underproduction, 455
◦ overproduction, 455
◦ overproduction, 1,015
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Tiffanyanne824 on Nov 23, 2022

jbsuccess1

  • Full Member
  • ***
  • Posts: 158
Reply #1 on: Nov 23, 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.
Answer Preview
Only 42% of students answer this correctly


Tiffanyanne824

  • Member
  • Posts: 142
Reply 2 on: Nov 23, 2022
:D TYSM

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

The positive correlation between the ability of various neuroleptics to bind to D2 receptors and ... The positive correlation between the ability of various neuroleptics to bind to D2 receptors and ...
Bulk flow by positive pressure (pressure Bulk flow by positive pressure (pressure
Negative and positive feedback loops Negative and positive feedback loops
Use the graph of the function f(x) to answer each question. Use the graph of the function f(x) to answer each question.
graph graph
Major bone (tan) and cartilage (light blue) elements of the human skeleton. Inset shows regions of v Major bone (tan) and cartilage (light blue) elements of the human skeleton. Inset shows regions of v
Video: Cortisol (protein catabolism, gluconeogenesis, vasoconstriction & anti-inflammation)

For a complete list of videos, visit our video library