# 57. The following figure shows the market supply and demand of a good whose production entails...

###### Question:

57. The following figure shows the market supply and demand of a good whose production entails a $2 negative externality per unit. Refer to the figure above. A total of ________ units of this good will be traded in this market, at the price of ________. a. 20;$2

b. 60; $8 c. 40;$4

d. 80; $6 58. The following figure shows the market supply and demand of a good whose production entails a$2 negative externality per unit.

Refer to the figure above. The socially optimal price for this good should be ________.

a. $4 b.$6

c. $7 d.$8

59. The following figure shows the market supply and demand of a good whose production entails a $2 negative externality per unit. Refer to the figure above. The socially optimal quantity of this good should be ________ units. a. 100 b. 70 c. 80 d. 60 60. The presence of external benefits associated with production implies that ________. a. private output is less than the socially optimal output b. private output corresponds to the socially optimal output c. private output exceeds the socially optimal output d. Any of these, depending on the relative magnitude of social and private benefits Price Supply Demand 20 40 60 80 100 120 140 160 180 200 Quantity Price Supply Demand 20 40 60 80 100 120 140 160 180 200 Quantity Price Supply Demand 20 40 60 80 100 120 140 160 180 200 Quantity ## Answers #### Similar Solved Questions 1 answer ##### Given the values below from a uniform distribution, define a measure to replicate the flipping of a coin and note if each value produces heads or tails a. 0.7 b. 0.2 c. 0.5 Given the values below from a uniform distribution, define a measure to replicate the flipping of a coin and note if each value produces heads or tails a. 0.7 b. 0.2 c. 0.5... 5 answers ##### A standard deck of cards has had all the face cards (Jacks, queens, and kings) removed so that only the ace through ten of each suit remains A standard deck of cards has had all the face cards (Jacks, queens, and kings) removed so that only the ace through ten of each suit remains. A game is played in which two cards are drawn (without replacement) from this deck and a six-sided die is rolled. For the purpose of this game, an ace is cons... 1 answer ##### Problem 8-29 Completing a Master Budget (LO8-2, LO8-4, LO8-7, LO8-8, LO8-9, LO8-10] The following data relate... Problem 8-29 Completing a Master Budget (LO8-2, LO8-4, LO8-7, LO8-8, LO8-9, LO8-10] The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: Cash Accounts receivable Inventory Building and equipment, net Accounts payable... 1 answer ##### 7. Suppose that the average weekly earnings for employees in general automotive repair shops is$450,...
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