When a musician plays music in the street, it provides positive external benefits for everyone nearby. Due to these positive external benefits, the government should ______ to the musician otherwise the amount of musicians playing on the street will be ______ the socially optimal level.

These two situations have arisen: Agricultural technologies become available that if used reduce adverse effects fromfarming on environmental quality   Water from a uranium mine is leaking into Kakadu NationalPark   For each case you are to identify possible external effects that might occur and explain the conditions that would need to exist, and what the government or the affected parties could do, to change these negative situations for the betterment of one or both parties?

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What are Apple external opportunities?

Parks confer many external benefits on society: open space, trees that reduce pollution, and so on. Therefore, the market equilibrium quantity of parks is not equal to the socially optimal quantity. The following graph shows the demand for parks (their private value), the supply of parks (the private cost of producing them), and the social value of parks, including both the private value and external benefits.   Use the black point (plus symbol) to indicate the market equilibrium quantity. Next, use the purple point (diamond symbol) to indicate the socially optimal quantity.

Provide two examples of each of the following:   • Positive Production Externalities   • Negative Production ExternalitieS   • Positive Consumption Externalities   • Negative Consumption Externalities

o ensure all students are protected from getting the flu this year, your school offers free flu shots. What type of externality exists in this example?   Question 16 options:   Negative consumption externality.   Negative production externality.   Positive production externality.   Positive consumption externality.   Neutral externality.

You are an industry analyst that specializes in an industry where the market inverse demand is P = 300 - 4Q. The external marginal cost of producing the product is MCExternal = 8Q, and the internal cost is MCInternal = 15Q.Instructions: Enter your responses rounded to the nearest two decimal places.a. What is the socially efficient level of output? unitsb. Given these costs and market demand, how much output would a competitive industry produce? unitsc. Given these costs and market demand, how much output would a monopolist produce? unitsd. Which of the following are actions the government could take to induce firms in this industry to produce the socially efficient level of output.Instructions:  In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click twice to empty the box.check all that apply Pollution taxes  Nonrival consumption  Pollution permits

Costs and Revenue MR MC D Quantity Based on the graph, you can answers. MR curve is defined as 20-2Q, MC curve is defined as 2Q, and Demand curve is definded as 20 - Q. What is the quantities that maximize a social benefit? Your answer should be 1 decimal points such as 2.1 or 3.1. Do not write ratio such as 10/3. Do not include $. Answer should be 200 instead of $200

a. Which of the following situations exhibits a positive externality? __ Alan purchases a new watch as a gift for his father. __ Sean spends the afternoon cleaning his garage. __ Richard renovates a dilapidated historic home in the center of town.   b. when there is a positive externality associated with the market __ too little is produced. __ too much is produced. __ the socially optimal amount is produced.   c. Governments may stimulate the economy to move toward the socially optimal output by __ taxing the product __ subsidizing the product. __ implementing a price ceiling.