Suppose that flu shots create a positive externality equal to $9 per shot. further suppose that the government offers a $9-per-shot subsidy to producers. what is the relationship between the equilibrium quantity and the socially optimal quantity of flu shots produced?
1) they are equal.
2) the equilibrium quantity is greater than the socially optimal quantity.
3) the equilibrium quantity is less than the socially optimal quantity.
4) there is not enough information to answer the question.
Answers: 3
Business, 22.06.2019 13:00, notorius315
The green revolution is a scientific breakthrough that improved seeds for basic crops. how did the green revolution impact the supply of basic crops such as wheat and corn? the supply of wheat and corn increased. there was no impact on the supply of basic crops. the supply of basic crops did not change, but the quantity supplied of basic crops increased. the supply of wheat and corn decreased.
Answers: 3
Business, 22.06.2019 14:30, dabicvietboi
Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.
Answers: 1
Suppose that flu shots create a positive externality equal to $9 per shot. further suppose that the...
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