Answer the question on the basis of this table showing the marginal benefit that a particular public project will provide to each of the three members of a community. No vote trading is allowed. Marginal Benefit $ 500 200 2,000 Voter Xavier Yoho Zest If the tax cost of this proposed project is $600 per person, a majority vote will Multiple Choice defeat this project and resources will be underallocated to it. defeat this project and resources will be allocated efficiently. pass this project and resources will be overallocated to it. defeat this project and resources will be overallocated to it.

Answer the question on the basis of this table showing the marginal benefit that a particular public project will provide to each of the three members of a community. No vote trading is allowed. Marginal Benefit $ 500 200 2,000 Voter Xavier Yoho Zest If the tax cost of this proposed project is $600 per person, a majority vote will Multiple Choice defeat this project and resources will be underallocated to it. defeat this project and resources will be allocated efficiently. pass this project and resources will be overallocated to it. defeat this project and resources will be overallocated to it.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 41P: Refer to Table 12.2. The externality created by the refrigerator production was 100. However, once...

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/16/23- hts rces e us g ver Figure 5-2 Price P Po Pe 0 d S₂-Marginal social cost a e C b QgQ₂ a S₁ = Marginal private cost Pa DPb. Pc. Pf. Demand Quantity Figure 5-2 shows a market with a negative externality. Refer to Figure 5-2. The true marginal cost of the last unit produced is represented by the price rules of rauarch
Price $100 10 00 70 60 50 10 30 10 0 200 400 600 Select one: MSC A $6,000 8 $14,000. C$8,000. OD $16.000. pennan MPC e 000 1000 1200 1400 Quantity per persod Refer to the above graph to answer this question. If this product were taxed by an amount equal to the external costs, what would be the total amount of tax revenue? 27
uestion 25/28 > NEXT A BOOKMARK Public Goods are used by all members of society, but sometimes they are overused and lead to things like air pollution, overcrowded schools, and congested roads. These things are known as Negative Externalities B Positiv Externalities Free Riders DConsequences DELL 女 esc -> ! #3 $4 & 1 4. 6. 7 W e r t y f h k a S n X C O O O O
1. When a production externality has a harmful effect on a bystander at the market equilibrium: a. the social cost of production is lower than the private cost b. the private benefit from consumption is greater than the social cost of production c. society is likely to benefit from production taxes d. none of the above is true 2. Suppose people plant flowering trees near their homes to encourage rare native birds to feed. If people believe that ar increase in native bird populations is valuable, people who plant these trees: a. generate a negative production externality for their neighbours b. generate a positive production externality for their neighbours c. generate a negative consumption externality for their neighbours d. generate a positive consumption externality for their neighbours