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 491 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
YES! Correct, THANKS for helping me on my review

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

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?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Gram-positive and Gram-negative bacteria. Gram-positive and Gram-negative bacteria.
A plot of trophic diversity across the major groups of organisms shows highest trophic diversity amo A plot of trophic diversity across the major groups of organisms shows highest trophic diversity amo
This Native American depiction of the Sand Creek Massacre, painted on a buffalo hide, shows the Indi This Native American depiction of the Sand Creek Massacre, painted on a buffalo hide, shows the Indi
Will Posting Nutritional Content in Restaurants Have a Positive Impact on the Obesity Epidemic? Will Posting Nutritional Content in Restaurants Have a Positive Impact on the Obesity Epidemic?
Sketch a graph of the function h(x), by hand on the following interval: Sketch a graph of the function h(x), by hand on the following interval:
Stock Market Tracks Growth in GDP Stock Market Tracks Growth in GDP
Video: Osmosis - water transport

For a complete list of videos, visit our video library