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a. jerome has a beautifully landscaped front lawn with lots of colorful flowers. landscaped lawns produce a externality. landscaped lawns exist relative to the socially efficient quantity. b. dave takes advantage of the low price of gas to purchase a sports utility vehicle. sports utility vehicles generate a externality. sports utility vehicles are produced relative to the socially efficient quantity. c. susan decides to walk to work instead of driving. walking to work creates a externality. walks to work exist relative to the socially efficient quantity. d. anita decides to smoke a cigarette while she is waiting at a busy bus stop. cigarettes create a externality. cigarettes are produced relative to the socially efficient quantity.
a. jerome has a beautifully landscaped front lawn with lots of colorful flowers. landscaped lawns produce a externality. landscaped lawns exist relative to the socially efficient quantity. b. dave takes advantage of the low price of gas to purchase a sports utility vehicle. sports utility vehicles generate a externality. sports utility vehicles are produced relative to the socially efficient quantity. c. susan decides to walk to work instead of driving. walking to work creates a externality. walks to work exist relative to the socially efficient quantity. d. anita decides to smoke a cigarette while she is waiting at a busy bus stop. cigarettes create a externality. cigarettes are produced relative to the socially efficient quantity.
Option AJeromehas a beautiful well-kept front garden with many colorful flowers. A well-maintained lawn creates anexternalityA well-maintained lawn exists relative to asocially efficientcrowd.Socially efficientprices and quantities are those that occur in a perfectly competitive market. This occurs when the marginal cost equals the demand, at price B and quantity Y. This means that all possible mutual benefit deals could have been made.This is the optimal allocation of resources in society, taking into account all external andinternal costsand benefits.Social efficiencyoccurs at outputs where marginal social utility (MSB) = marginal social cost (MSC).Learn more aboutSocial efficiencyherebrainly.com/question/28444760#SPJ4...