The following table lists the marginal cost and marginal private benefit of the electric car market: Quantity Marginal Cost 20000 10000 25000 15000 30000 20000 35000 25000 40000 30000 45000 35000 Marginal Private Benefit 40000 35000 30000 25000 20000 15000 In addition, it is estimated that the marginal external benefit from the consumption of electric cars is $10000 Given a supply shock, the price of gasoline has risen and the marginal private benefit has shifted by $10000. What quantity of cars would maximize social benefit? electric cars

Draw a standard supply and demand diagram for televisions, and indicate the equilibrium price and output. a. Assuming that the production of televisions generates external costs, illustrate the effect of the producers being forced to pay a tax equal to the external costs generated, and indicate the equilibrium output. b. If instead of generating external costs, television production generates external benefits, illustrate the effect of the producers being given a subsidy equal to the external benefits generated, and indicate the equilibrium output.

Negative externalities and fast food Task 6b Explain the concept of negative externalities Point value In no more than 200 words, briefly explain the concept of negative externalities. 4 points Does eating too much fast food generate a negative externality? Why or why not? Format - Evidence of negative externalities | Reflection (written) Point Answer box value Negative externalities and fast food Task 6c | Negative externality: Consuming too much fast food Create two demand and supply diagrams to demonstrate the following: In your first diagram show the negative externality of consuming too much fast food. Carefully label your diagram and identify the deadweight loss. In your second diagram add a tax to this market. Highlight what happens to consumption. In a dot point below your last diagram briefly tell us whether the second diagram has a deadweight loss. Point value 8 points Format - Evidence of negative externality of consuming too much fast food | Reflection (written) Answer box…

Please answer question two  HINT: an infinitely elastic supply curve is a horizontal line at the price