Question

In: Economics

2. When a gun is produced and sold, there is an externality: a chance that the...

2. When a gun is produced and sold, there is an externality: a chance that the gun will be shot at someone other than its owner. Use the analysis of externalities in the N4 e social efficiency by notes to determine a government policy that would likely impro decreasing the number of injuries and deaths from gun violence. Try to find the most socially efficient policy you can that the US Supreme Court would probably judge to be constitutional (not in violation of the Second Amendment, "A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed" or any other part of the US Constitution.) Explain why the policy you describe is unlikely to be found to violate the Second Amendment and why it is likely to be more socially efficient than other policies that would be found constitutional.

Solutions

Expert Solution

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

2. When a gun is produced and sold, there is an externality: a chance that the...
2. When a gun is produced and sold, there is an externality: a chance that the gun will be shot at someone other than its owner. Use the analysis of externalities in the N4 notes to determine a government policy that would likely improve social efficiency by decreasing the number of injuries and deaths from gun violence. Try to find the most socially efficient policy you can that the US Supreme Court would probably judge to be constitutional (not in...
Consider the market for a good that has a positive externality and that is produced by...
Consider the market for a good that has a positive externality and that is produced by a monopolist. How does the amount produced in the absence of any government policy compare with the amount that would maximize the total social surplus? Identify the total private surplus, external benefits, and total social surplus both at the level of production that occurs without government intervention and at the level of production that maximizes the total social surplus. What is the deadweight loss...
If 12,500 units are produced and sold, what is the variable cost per unit produced and sold?
Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows:  Average Cost Per UnitDirect materials$ 5.60Direct labor$ 3.10Variable manufacturing overhead$ 1.40Fixed manufacturing overhead$ 4.00Fixed selling expense$ 2.60Fixed administrative expense$ 2.20Sales commissions$ 1.20Variable administrative expense$ 0.454. If 12,500 units are produced and sold, what is the variable cost per unit produced and sold? (Round your answer to 2 decimal places.)
1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold?
Refer to the data given in Exercise 1-7. Answer all questions independently.  Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its average costs per unit are as follows:   Required: 1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 22,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 18,000 units are...
Give an example of a positive externality you experienced or produced recently. Explain why it is...
Give an example of a positive externality you experienced or produced recently. Explain why it is a positive externality. Give an example of a negative externality you experienced or produced recently. Explain why it is a negative externality. Are any of the externalities you described above causing serious problems? If so explain why. What solution would you propose to deal with this problem? Are externalities efficient? Explain.
Give an example of a positive externality you experienced or produced recently. Explain why it is...
Give an example of a positive externality you experienced or produced recently. Explain why it is a positive externality. Give an example of a negative externality you experienced or produced recently. Explain why it is a negative externality. Are any of the externalities you described above causing serious problems? If so explain why. What solution would you propose to deal with this problem? Are externalities efficient? Explain.
2. Define externality and distinguish between positive and negative externality and their impact on production, using...
2. Define externality and distinguish between positive and negative externality and their impact on production, using examples where possible. 3. How can a government correct for positive and negative externalities?
Explain why a negative externality in production results in too much of the good being produced...
Explain why a negative externality in production results in too much of the good being produced from society's perspective, whereas a positive externality results in too little being produced. How, according to Pigou, might such over- and under-allocation of resources be corrected?
What is variable cost? Identify two variable costs. When units produced exceed units sold for a...
What is variable cost? Identify two variable costs. When units produced exceed units sold for a reporting period, would income under variable costing be greater than,equal to, or less than income under absorption costing? Explain.
What is variable cost? Identify two variable costs. When units produced exceed units sold for a...
What is variable cost? Identify two variable costs. When units produced exceed units sold for a reporting period, would income under variable costing be greater than,equal to, or less than income under absorption costing? Explain.
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT