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please draw the graphs and answer the questions well, thanks Question #2: (35 marks] A local drama company proposes a new neighbour hood theatre in

please draw the graphs and answer the questions well, thanks

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Question #2: (35 marks] A local drama company proposes a new neighbour hood theatre in Vancouver Before approving the building permit, the city planner completes a study of the theatre's impact on the surrounding community. a. One finding of the study is that theatre very loud music, which adversely affects the community. The city planner estimates that of to the community from the extra traffic is $7 per ticket. What kind ul an externality is marayl b. Graph the market for theatre tickets, labelling the demand curve, the socialvalue curve, the supply curve, the social-cost cutvis the market equilibraim level of output and the efficient level of output. A so show the per unit amcum ol the externalito. lap marks c. On further review the city plane funcovers a second externalily. Rehearsals for the plays tend to run until late at right, with actors; stagehands and other theatre members coming and going at various hours. The planner hasfour that the increased foot - affic Improves the safely of the surrounding streets, agrestimated benefit to the community of $10 per ticket, what kind of exter bility is this why? (s market On a new graph, I ustrade thi ticket for theatre acketsin the case of these two externalities Again, label the deniand Ture, the social-valde curve, the supply curve, this social-cost curve, the markel quisbring level of butput the efficient levelof output, and the per unit amount of both externalities .] 10 imake . Despite e government policy n aliment gutenrue (S marks)

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