1. (5 points)(a) What price will an unregulated monopoly charge?(b) What quantity will an...

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1. (5 points)(a) What price will an unregulated monopoly charge?(b) What quantity will an unregulated monopoly produce?(c) If the regulated price is $10 per unit, how many units will the regulated monopoly produce?(d) What is the quantity demanded at the regulated price of $10? Is there a surplus or a shortage or neither at the regulated price? (e) What is the deadweight loss to society when the regulated price is $10?2. (5 points) Assume that the city government announces that public parks in the city belong to the public and from now on the public will be responsible for keeping the parks clean and the government will no longer perform that function. Will the city parks be clean after this change in government policy? Please give an explanation which includes the concept of the free-rider problem.3. (5 points)(a) Is electricity for home consumption a public good? Please give an explanation.(b) Is a traffic light a public good? Please explain.4. (5 points) In what way are vaccinations (not just for Covid19 but vaccinations in general) a positive or negative externality? Please give an explanation.     Homework 11 Ruic                Homework 11 Ruic    Criteria    Ratings    Pts    Question 1a    1 ptsFull MarksPrice is coect0 ptsNo MarksPrice is incoect    / 1 pts    Question 1    1 ptsFull MarksQuantity is coect0 ptsNo MarksQuantity is incoect    / 1 pts    Question 1c    1 ptsFull MarksPrice is coect0 ptsNo MarksPrice is incoect    / 1 pts    Question 1d    1 ptsFull MarksQuantity is coect0 ptsNo MarksQuantity is incoect    / 1 pts    Question 1e    1 ptsFull MarksDeadweight loss is coect0 ptsNo MarksDeadweight loss is incoect    / 1 pts    Question 2    5 ptsFull MarksAnswer is coect and explanation for whether city parks will be clean is given4 ptsPartial explanationAnswer is coect and explanation is given but student does not describe the free rider problem3 ptsMissing explanationStudent just states the coect answer but does not give any explanation2 ptsIncoect answer attempted explanationAnswer is incoect and explanation is attempted.1 ptsIncoect answer no explanationAnswer is incoect and no explanation is attempted0 ptsNo MarksBlank answe    / 5 pts    Question 3a    3 ptsFull MarksStudent coectly states whether it is a public good and discusses the properties of public goods in the explanation.2 ptsPartial explanationStudent coectly states whether it is a public good and only discusses one of the properties of public goods1 ptsNo explanation or incoect answeStudent coectly states whether it is a public good and does not give any explanation or incoectly states whether it is a public good and attempts an explanation0 ptsNo MarksIncoect or blank answe    / 3 pts    Question 3    2 ptsFull MarksStudent coectly states whether it is a public good and discusses the properties of public goods in the explanation.1 ptspartial or no explanationStudent coectly states whether it is a public good and only discusses one of the properties of public goods or does not give an explanation0 ptsNo MarksIncoect or blank answe    / 2 pts    Question 4    5 ptsFull MarksStudent coectly points out whether it is a positive or negative externality and explains why it is an externality and why it is positive or negative.4 ptsPartial explanationStudent coectly points out whether it is a positive or negative externality and either explains why it is an externality or why it is positive or negative, but does not do both3 ptsNo explanationStudent coectly points out whether it is a positive or negative externality and does not give an explanation2 ptsIncoect answer attempted explanationStudent incoectly points out whether it is a positive of negative externality and attempts an explanation1 ptsIncoect answer no explanationStudent incoectly points out whether it is a positive or negative externality and does not give an explanation.0 ptsNo MarksBlank answe    / 5 pts    Total Points: 0Drag a file here, or click to select a file to upload

Bidusha · Accepted Answer

Public Goods		4
PUBLIC GOODS
Table of Contents
Response to Questions	3
Answer 1a	3
Answer 1b	3
Answer 1c	3
Answer 1d	3
Answer 1e	3
Answer 2	3
Answer 3a	3
Answer 3b	4
Answer 4	4
References	6
Response to Questions
Answer 1a: An unregulated monopoly will charge $14.
Answer 1b: 15 will be the unregulated monopoly produce since the regulated price is applicable up to 14 units of production. 
Answer 1c: The regulated monopoly will produce 14 units. 
Answer 1d: the quantity demanded at the regulated price of $10 is 10 units. There is a surplus at the regulated price. 
Answer 1e: The deadweight loss is at 0.
Answer 2: 
According to my opinion, no, the parks will not be clean any longer if they are publicized. The reason behind such response is that maintaining any public property is a great job that demands responsibility and enough cash flow. A number of monetary as well as human resources are required to maintain a park. If the government,

1. (5 points) (a) What price will an unregulated monopoly charge? (b) What quantity will an unregulated monopoly produce? (c) If the regulated price is $10 per unit, how many units will the regulated...

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