which of the following is most likely to generate an externality? a) taxes that are collected to pay for public schools? b) a newlywed couply buys a tv for their family room c) teachers at a local high school have pizza delivered every friday for lunch   can you tell me which is correct? and explain why please. I understand the concept of an externality but for some reason i got this question wrong.

Please only solve these following ones if it is hard to explain the reasons.   1) External cost, external benefit or neither?2) Recommend Taxing or Subsidizing?

Suppose there are two residents in a neighborhood, and you know both of their demand curves for a public good. What would you have to do in order to figure out what the social demand curve? A.Multiply the two demand curves together   B.Add their demand curves together   C.Subtract the demand of the person with the lower valuation of the public good from the demand of the person with the higher valuation of the public good   D.Subtract the demand of the person with the higher valuation of the public good from the demand of the person with the lower valuation of the public good

What is an externality? Provide an example.

Externalities Do you think that there would be external effects associated with Water from a uranium mine leaking into Kakadu National Park? If so, what would be the nature of the external effects? Can you think of policies that might deal with each external effect (that is, improve social wellbeing)?

a. When a firm imposes an external social cost (negative externality), the government should impose a tax on production equal to the externality cost to ensure that the market will achieve the socially optimal outcome. Select one: True False   b. The socially optimal level of emissions of most pollutants is zero. Select one: True False   c. Externalities are only inefficient when they impose a cost. They are not inefficient when they bestow a benefit. Select one: True False

Use the graph below to answer the following questions? MC M Social Demand Private Demand V Quantity (units/day) What is the socially optimal price for this market? [ Select] What is the socially optimal quantity for this market? [Select] What price will be the equilibrium price in this market? [Select ] What quantity will be the equilibrium quantity in this market? [Select] How can the government achieve the socially optimal quantity in equilibrium? [ Select ] Price ($/unit)

If the government subsidizes vaccination against influenza to internalize the externality, should it impose the subsidy on consumers or producers of flu vaccines? How large should the subsidy be? How much less per flu vaccine would patients (i.e., consumers) pay? How much more would manufacturers (i.e., producers) of flu vaccines receive?

What exactly is a Pigovian tax? Give some instances of how the Pigovian tax can be used to tackle environmental issues.

Please draw and upload an externality graph for the "Truck Tire" market in the US. Use the data provided to draw each axis, plot the points and create the following curves: 1) Demand, 2) Supply (private), and 3) Supply (social), Also mark equilibrium on both S (private)and S (social). After you draw the curve, explain it and describe how government can use it to regulate this tire market.        Price Quantity Demanded Quantity Supplied (Private) Quantity Supplied (Social)   $ 300 $10 million $ 35 million $ 30 million   $ 250 $15 million $30 million $25 million   $ 200 $20 million $25 million $20 million   $150 $25 million $20 million $15 million   $ 100 30 million 15 million 10 million