Please Help!! :) Which of the following externalities does a seasonal flu vaccin
ID: 1181563 • Letter: P
Question
Please Help!! :)
Which of the following externalities does a seasonal flu vaccination create? negative consumption negative production positive consumption positive production An externality can be defined as an additional benefit imposed by the government on producers. an additional cost imposed by the government based on feedback from consumers. a cost or benefit that arises from production and falls on someone other than the producer, or a cost or benefit that arises from consumption and falls on someone other than the consumer. the impact of one's action on the well being of everyone. Refer to the figure below. If a subsidy is granted that generates an efficient quantity, then the quantity produced is Refer to the table below. The efficient output would be Refer to the table below. If a constant per unit tax is imposed, thereby generating an efficient allocation of resources the quantity producedExplanation / Answer
1) b; negative production as the flu makes people sick and keep leaves.
2) C; an externality can be positive as well as negative that harms or benifts the person who do not produce (neighbor)
3) d; 600 units as the externality is positive an subsidy given will increase output to 600
4) b; 4 units where MB equals to MSC.
5) c; 40 units where the MB equals to MSC, to make this happen the govt imposes a constant per unit tax of shifting the marginal cost to left making it eual to MSC.