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stiv31 [10]
3 years ago
11

Suppose that smoking creates a negative externality. If the government does not interfere in the cigarette market, then a. the e

quilibrium quantity of cigarettes smoked will equal the socially optimal quantity of cigarettes smoked. b. the equilibrium quantity of cigarettes smoked will be greater than the socially optimal quantity of cigarettes smoked. c. the equilibrium quantity of cigarettes smoked will be less than the socially optimal quantity of cigarettes smoked. d. There is not enough information to answer the question.
Business
1 answer:
Alexxx [7]3 years ago
5 0

Answer:

b. the equilibrium quantity of cigarettes smoked will be greater than the socially optimal quantity of cigarettes smoked.

Explanation:

A negative externality occurs when the costs of economic activities to third parties not involved in economic activities are greater than the benefits.

Negative externality are usually overproduced in the economy. so, the equilibrium quantity of cigarettes smoked will be greater than the socially optimal quantity of cigarettes smoked.

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The setup time for a batch of 250 products is 30 minutes while the production time is 5 minutes for each product. If the batch s
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Answer:

d. Decrease by 0.045 minutes

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<u>First Case</u>  

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2 years ago
when the act curve is decreasing, we know that the mc curve is, and when the atc curve is increasing, we know that mc is
yuradex [85]

Answer:

When  ATC curve is​ decreasing, we know that the MC curve is

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Explanation:

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