Sodel /Cost Spy Price \ Denend Phate lele) Quenty This market O would maximize total well-being at Q3. O has no ned for govemment intervention. O would benefit fom asubsidy fo the product. O would benefit from a tax on the product.
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- Which of the folowing reresents an efot to corec for an adverse selection problem? O a An employer requires al employees to submit to dru testing. Ob. The govemment subsidises the development of cofriendl proucion methods. Oc. An employer reguire al mployes to purchase employer-sponsored dental insurance. O d. The govermment imposes a tax on a factory emiting a toxicsubstance. O e. The govemment subsidses the consumpton of ftness actvite.A customer has purchased one pack of 100 pairs of disposable face masks. The price of the second pack is $45, and the burer estitnated its net benefit from buying this second pack to exceed $50 What should the buyer do? Select one O a The buyer should not buy the second pack as buying the second packiwitl increase total benetts by less than total costs b. The buyer should not buy the second pack as buying the second pack will increase total benefits by more than total costs OC The buyer should buy the second pack because the marginal beneft of the second packit so igh that ts marginat cost does not mater umy more d. The buyer should buy the second pack because the marginal benefit of the second pack exceeds the marginal costTable 1Buyer Willingness To PayLori $50.00Audrey $30.00Zach $20.00Calvin $10.002. Refer to Table 1. If the price of the product is $15, then who would be willing to purchase theproduct?a. Lorib. Lori and Audreyc. Lori, Audrey, and Zachd. Lori, Audrey, Zach, and Calvin3. Refer to Table 1. If price of the product is $30, then the total consumer surplus isa. $-10.b. $-6.c. $20.d. $30.
- A law is passed providing for compulsory vaccination and subjects a person toimprisonment for refusing to submit vaccination, except when it is apparent or it canbe shown that the person is not fit for vaccination because of his physical condition. Isthe law valid?Crne er det n ( a on se i na tom se u te se u prirod se i ne a se do OcBaffincheloctine s tumbesNewlzkeoflllckdd
- Do it plzThe demand for cigarettes, which create negativeexternalities through secondhand smoke, is oftenrelatively inelastic. That is, when the price of cigarettes changes, the quantity demanded changes bya smaller portion. Using this fact, explain to whatextent you think a tax on cigarettes would fulfilleach of the goals of taxation.T/F wieth explanation
- OF Duppose a tax of $4 imposed. on a tee' equilibrium quont decreosefrom 2006 units to the unit is pou good, and thhe tax ity % the goed to a causes 1808 unts $5000 ond $3400. tax decreoses consemer surples by decruoses paucer, urpeus by the duod weipent loo 0os of tee tax is. a) $50 800 1200 2) $1600 5. e$2200 お 3000Fill in the blanks In the following table: Mangiral Manginal Net Benefit 17 To tal a Total Cost Benelit eost Berebit XX xX 200 170 30 200 100 230 2. 270 50 3. 4 450 65 4.Need help plz.