Time remaining: 00 :07 :32 Economics The figure below shows the production of microchips for computers. Assume that production gives rise to positive external effects. On the vertical axis, we have the price in dollars and the marginal social benefits of production. On the horizontal axis we have the quantity of data chips.      based on the figure, answer the following questions with detailed answers a) If the marginal external effect of producing computer chips is 10 dollars, then what will be the socially optimal production and what will be the socially optimal price? b) Propose an appropriate policy instrument for a state that wants to achieve the socially optimal quantity. Also enter a value for the instrument (size).

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