Explain why each is or is not a pure public good. Where applicable, note instances where the good is both publicly and privately provided: A local park Police protection Applied research

Explain the non rivalrous and the non excludable goods in public goods in related to the economics

Given the same marginal damage and same marginal abatement cost curve, the socially efficient emission subsidy is the same magnitude (dollars per ton) as the socially efficient emission tax (dollars per ton). True False Next

Suppose the demand for a product is P = 400 - 0.25 Q and the supply of the product is P = 100 +0.75 P where Q is output and P is price. Suppose also that the marginal external cost (MEC) from production is constant and equal to 50$ per unit. What is the competitive (private) efficient level of output? What is the socially efficient level of output?

Why are common property resources subject to market failures due to non excludability? Please explain.

A global-positioning anti-theft device installed by one car owner can produce a positive spillover to other citizens in a community. Discuss the impact on the: (1)  Private benefit curve (2) Social benefit curve (3)  Private cost curve

BN12.2 (b) (c) Case: The market for dry cleaning is reflected by the demand and supply curves (Q is in thousands): Pa = 5-Q Ps= 2 + 2Q Producing dry cleaning creates ground water pollution with a constant marginal external cost of 1.2. Question: (b) Calculate the unregulated price and quantity of dry cleaning? (c) Calculate the efficient price and quantity from a societal perspective?

Identify whether the following activities are best categorized as a negative externality or a public good.   1) An excavating company pollutes a local stream with acid rock. 2) A family enjoys a Fourth of July firework from their home 3) A late-night road construction reroutes traffic past your house 4) Your roommate plays loud music at 2 am

You are an industry analyst that specializes in an industry where the market inverse demand is P = 300 - 4Q. The external marginal cost of producing the product is MCExternal = 8Q, and the internal cost is MCInternal = 15Q.Instructions: Enter your responses rounded to the nearest two decimal places.a. What is the socially efficient level of output? unitsb. Given these costs and market demand, how much output would a competitive industry produce? unitsc. Given these costs and market demand, how much output would a monopolist produce? unitsd. Which of the following are actions the government could take to induce firms in this industry to produce the socially efficient level of output.Instructions:  In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click twice to empty the box.check all that apply Pollution taxes  Nonrival consumption  Pollution permits

Which of the following is true?   Question 18 options:   A)  marginal private (or internal) costs = marginal social costs + marginal external costs   B)  marginal social costs = marginal private (or internal) costs – marginal external costs   C)  marginal external costs = marginal social costs + marginal private (or internal) costs   D)  marginal social costs = marginal private (or internal) costs + marginal external costs