The following table shows how the marginal benefit of a service varies for five consumers. Quantity 1 Serkan 150 Asuman 125 100 Bahar Murat 200 600 2 125 100 75 150 400 3 100 75 50 125 200 Meriç a. Derive the demand curve for this service 4 75 50 25 125 150 assuming that it is a public good. D. If marginal cost of the good is 850, what is the efficient output of the public good? C. If marginal cost of the good is 425, what is the efficient output of the public good? d. If marginal cost of the good is 850, what is the efficient output assuming it is private good?

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Four roommates a rc planning to sp<,nd the weekendin their dorm room watching old movies, and they arcdebating how many lo watch. Herc is their willingnessto pay for each film: a. Within the donn room, is the showing of a moviea public good? Why or why not?b. If it costs $8 to rent a movie, how many movies shouldthe roommates rent to maximiz.c total surplus 7c. H they choose the optimal number from part (b)and then split the cost of renting the moviesequally, how much surplus does each personobtain from watching the movies?d. Is there any way to split the cost lo ensure tha teveryone benefits? What practical problcms doesthis solution raise?e. Su pposc they agrcc in advance to choose the ef.ficient number and lo split the cost of the moviesequall}'- When Steven is asked his willingness topa}\ will he have an incentive to tell the truth 7 Ifso, why? If not, what will he be tempted to say?f. What docs this example teach you about the optimal provision of public goods?

Sub : EconomicsPls answer very fast.i ll upvote correct answer . Thank You The figure below shows the market for water-skiing permits on Shuswap Lake in British Columbia. Every person who wishes to water ski must obtain a permit, which is valid for one day. Suppose that each water skier imposes a $4 negative externality on other people who use the lake.

2. Use the graph below to answer the two questions on the right. Price If a positive externality exists and the government intervenes, which curve shifts and in what direction? Ssocial internal If a negative externality exists and the government does intervene, which curve shifts Docial and in what direction? Dinternal Quantity

Determine the type of market failure represented by the scenario below: Charlie loves watching Sponge Bob on his local TV station but he never sends any money to support the station during its fund raising drives. Select one: O a. positive externality O b. negative externality O c. asymmetric information O d. tragedy of the commons e. public good Next page e to search

Which type of externalities does the lumber industry have when more trees are planted? A. Negative externalities in consumption. B. Positive externalities in production. C. Positive externalities in consumption. D. Negative externalities in production. E. Pecuniary externalities. F. No externality problem. OB OA OC OE OF

Market failure can be caused by Select one: O a. externalities and market power O b. government intervention and price controls Oc. low consumer demand O d. high prices and foreign competition

Sub : EconomicsPls answer very fast.I ll upvote. Thank You The figure below shows the market for water-skiing permits on Shuswap Lake in British Columbia. Every person who wishes to water ski must obtain a permit, which is valid for one day. Suppose that each water skier imposes a $4 negative externality on other people who use the lake.