Suppose the figure to the right illustrates the market for toilet paper, where S, represents the marginal private cost of production and D, represents the marginal private benefit from consumption. Companies that produce toilet paper bleach the paper to make it white. Some paper plants discharge the bleach into rivers and lakes, causing substantial environmental damage. Assume that S₂ represents the marginal social cost of producing toilet paper (incorporating the externality). What could the government do to internalize the externality? In the presence of a negative externality, the government could paper production. toilet In particular, the government should set a Pigovian tax of $ per ton of toilet paper produced. Price (per ton of toilet paper) 500 450 400- 350 300- 250- 200- 150 100 50 0 6 100 200 300 400 500 600 700 800 900 1000 Quantity (1000 tons of toilet paper produced per week) o S

which technology change affect consumer taste

How do you determine a budget for personal consumption?

You are shopping for new clothes and you like the style of a shirt. The store clerk tells you they have that shirt in red, blue, orange, and purple, and can offer it in the sizes small, medium, and extra large. How many different shirt options can this store offer?

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Imagine you are the mayor of a town and you are trying to decide if you should pay for a fireworks show. Your staff survey your 400 citizens who say that they each value a fireworks show at $10. The fireworks show only costs $3,000 so you put on the show but when you ask for donations to pay for the fireworks you only receive $25 total. What does this result show? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. You staff's survey must have overestimated the value of a fireworks show. b The fireworks cost must have been greater than their economic benefit. The firework show suffered from the Tragedy of the Commons problems d The town's citizens were free-riders.

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Only typed answer and please don't use chatgpt  You are looking for a new apartment in Manhattan. Your income is $4,000 per month, and you know that you should not spend more than 25 percent of your income on rent. You have come across the following listing for one-bedroom apartments on craigslist. You are indifferent about location, and transportation costs are the same to each neighborhood.   Chelsea $1,200   Battery Park $2,200   Delancey $950   Midtown $1,500 Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers.   a. Which apartments fall within your budget?   Chelsea   Battery Park   Delancey   Midtown b. Suppose you adhere to the 25 percent guideline but also receive a $1,000 monthly cost-of-living supplement since you are living and working in Manhattan. Which apartments fall within your budget now? Chelsea   Battery Park   Delancey   Midtown