Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. Suppose that the graph shows the market for CPR training in a small town, which generates publichealth benefits for the community.Price$32$30$28$26$24$22$20$18 F$16$14$12$10$8$6$4$2048 12 16SSocial Benefitb. If left to the private market,Private BenefitHours of CPR training20 24 28 32a. Based on the graph, the external benefit per hour of CPR training is $The efficient number of hours of training ishours of CPR training will occur.c. The externality in this market generates a deadweight loss of $

Externalities occur when there is an indirect impact on a party that is not directly related to the…

a. Based on the graph, the external benefit per hour of CPR training is $ b. If left to the private market, The efficient number of hours of training is hours of CPR training will occur. c. The externality in this market generates a deadweight loss of $

a. Based on the graph, the external benefit per hour of CPR training is $ b. If left to the private market, The efficient number of hours of training is hours of CPR training will occur. c. The externality in this market generates a deadweight loss of $

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 40P: Show the market for cigarettes in equilibrium, assuming that there are no laws banning smoking in...

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Question

Note:-

Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.

Suppose that the graph shows the market for CPR training in a small town, which generates public
health benefits for the community.
Price
$32
$30
$28
$26
$24
$22
$20
$18 F
$16
$14
$12
$10
$8
$6
$4
$2
0
4
8 12 16
S
Social Benefit
b. If left to the private market,
Private Benefit
Hours of CPR training
20 24 28 32
a. Based on the graph, the external benefit per hour of CPR training is $
The efficient number of hours of training is
hours of CPR training will occur.
c. The externality in this market generates a deadweight loss of $

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