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Author Question: Externalities of ConsumptionThe graph shows the market for flu shots, which causes a positive ... (Read 199 times)

Tiffanyanne824

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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
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Marked as best answer by Tiffanyanne824 on Nov 23, 2022

jbsuccess1

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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.
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Tiffanyanne824

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

abro1885

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

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