Michigan SUGAR BEET processing center creates waste ponds that smell terrible interfering with the quality of life of nearby residents. Below are the dollar valued benefits and costs of producing a ton of sugar. Quantity in Tons Private Benefit Private Cost External Cost 1 $140 $100 $20 2 $130 $110 $20 3 $120 $120 $20 4 $110 $130 $20 5 $100 $140 $20 6 $90 $150 $20 7 $80 $160 $20 Describe the quantity of tons of Sugar that would be produced in a pure Describe the society optimal quantity tons of sugar that should be Describe two ways that the business can be incentivized to internalize the socialcosts of sugar

1. Brazilian rain forests reduce global air pollution and support biodiversity. Rain forests are being cut down to support expanded production of beef for export to the US and other countries.   1. Concisely describe the market failure that leads Brazil to reduce the size of its rain forest.     2.Graph the market for beef in the US showing both the unregulated and efficient outcome.     3.In the efficient market, the negative externalities of deforestation are factored into the market price, which leads to a lower quantity of beef produced (Q2) and a higher price (P2) than in the unregulated market.   4.Explain how a tax on beef in the US would impact the price and quantity of beef and the quantity of air pollution. Graph the market for beef with a tax and discuss if/how efficiency changes after the tax.   5.A second proposal is to subsidize the development of meat substitutes (e.g. Beyond Beef, Impossible Meat, etc). Graph the impact of the entry of meat substitutes on the market for…

Not a grade  All one question

Answer this for me mate. Much appreciated.