Unit 6: Diagram Review
Authored by Josh Winicki
Other
12th Grade
Used 1+ times
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33 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify the externality
Negative externality of consumption
Negative externality of production
Positive externality of consumption
Positive externality of production
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the socially optimal quantity
13
20
9
14
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the market quantity and price
Q: 20
P: 9
Q: 13
P: 12
Q: 13
P: 9
Q: 13
P: 7
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the value of the tax needed to eliminate deadweight loss?
$5
$9
$7
$14
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify the externality
Negative externality of consumption
Negative externality of production
Positive externality of consumption
Positive externality of production
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the market price and quantity?
P: P2
Q: Q2
P: P2
Q: Q1
P: P3
Q: Q1
P: P1
Q: Q1
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify the deadweight loss
ACD
BCD
ABD
P3 - P1
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