Consuming A Good or Service Economics Worksheet

Consuming A Good or Service Economics Worksheet

Instructions/Descriptions

[Order Now]

Professional Plagiarism Free Paper in APA/MLA/Harvard/Turabian Format, Instant Delivery, High Quality Submissions, 100% Unique, Turnitin Report Attached

When there is a negative externality, the private market produces  [“”, “”] than what is socially optimal because it ignores the  [“”, “”, “”, “”]  . In order to bring the market closer to the socially optimal outcome, the government could impose a  [“”, “”, “”]  on the market.

Flag question: Question 2Question 23 pts

When there is a positive externality, the private market produces  [“”, “”] than what is socially optimal because it ignores the  [“”, “”, “”, “”]  . In order to bring the market closer to the socially optimal outcome, the government could impose a  [“”, “”, “”]  on the market.

Flag question: Question 3Question 32 pts

The ideal tax is equal to the amount of the  [“”, “”, “”]  .

The ideal subsidy is equal to the amount of the  [“”, “”, “”]  .

Flag question: Question 4Question 43 pts

When a positive externality is present, the  [“”, “”, “”]  must be added to the private benefit to find the  [“”, “”, “”, “”]  . The socially optimal quantity and price can be found where the private cost curve crosses the  [“”, “”, “”, “”]  curve.

Flag question: Question 5Question 53 pts

When a negative externality is present, the  [“”, “”, “”]  must be added to the private cost to find the  [“”, “”, “”, “”]  . The socially optimal quantity and price can be found where the private benefit curve crosses the  [“”, “”, “”, “”]  curve.

Flag question: Question 6Question 61 pts

An external cost occurs when producing or consuming a good or service imposes a  [“”, “”]  (negative effect) upon a third party.

Flag question: Question 7Question 71 pts

An external benefit occurs when producing or consuming a good or service imposes a  [“”, “”]  (positive effect) upon a third party.

PLACE THE ORDER WITH US TODAY AND GET A PERFECT SCORE!!!