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Time Left:2:11:24 Gee: Attempt 1 Question 43 (1 point) Saved Consider the market for Sugary Drinks....


Time Left:2:11:24 Gee: Attempt 1 Question 43 (1 point) Saved Consider the market for Sugary Drinks. Market demand is given as
ime Left:2:11:07 atalie Gee: Attempt 1 It will increase by S10, so demand must be elastic. Question 46 (1 point) Which option
Il 2 Time Left:2:10:51 Natalie Gee: Attempt 1 Question 49 (1 point) What is the difference between technological patented kno
Time Left:2:11:24 Gee: Attempt 1 Question 43 (1 point) Saved Consider the market for Sugary Drinks. Market demand is given as QD = 60 - 3P. Market supply is given as QS = 3P. Assume that there is a calculated external health cost of $10 per unit in this market. How much is the equilibrium quantity? O 30 O 15 10 60 O Question 44 (1 point) Saved
ime Left:2:11:07 atalie Gee: Attempt 1 It will increase by S10, so demand must be elastic. Question 46 (1 point) Which option is not a factor in consideration for taxation on goods whew policy maker is only concerned with efficiency? income of households O external cost or value generated from consumption of goods O price elasticity of demand price elasticity of supply Question 47 (1 point) Saved Consider a prefect competitive market with the following demand and supply equations,
Il 2 Time Left:2:10:51 Natalie Gee: Attempt 1 Question 49 (1 point) What is the difference between technological patented knowledge and general knowledge? General knowledge creation is usually more profitable for the crebr. Technological knowledge is excludable and general knowledge is not. General knowledge is excludable and technological knowledge is not. General knowledge is rival in consumption and technological knowledge is not. Question 50 (1 point) Saved What would be an optimal tax on pollution? one for which producers internalize the cost of the pollution O .
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43. Ans is 30

At equilibrium demand = supply

60-3p = 3p

60=6p

p= 10

Q= 3*10= 30

46. Ans - Income of household

49. Ans - Technological knowledge is excludable and General knowledge is not.

Technological knowledge is excludable because a patent makes specific technological knowledge excludable for other firms. General knowledge is not excludable .

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