Please give me clear graph/ answer. Thanks!
1.
The figure below shows supply and demand for honeybee hives, based on private costs and benefits. 2 Price ($) points 600 550 MC 500 pyt eBook 450 MC 400 social 350 Print 300 250 200 150 DWH 100 MB pyt=MB social 50 0 1.00 2.00 3.00 4.00 5.00 6.00 Beehives (millions)Bees produce benefits notjust for the beekeeper but also for surrounding farms through pollination. Suppose that the external benefit is $100 per beehive. a. Ignoring the positive externality, there will be |:| million beehives, and this is |:| million beehive too many b. The deadweight loss to society when suppliers are unable to capture the $100 external benet is too few :I million c. The deadweight loss could be eliminated if the government imposed a (Click to select} v of S per beehive. 5 The figure below shows private supply and demand for flu vaccines. MBsocial Price ($) 2 points 20 DWL 18- S=MC EMC socia 16- 14 - Dafter- eBook subsidy 12 - 10 Print 6 - D=MB private 4 2 50 100 150 200 250 300 350 400 450 500 Flu vaccines (millions) reseta. Suppose that the external benefit from flu vaccines is worth $6 per vaccine. Graph the social benefits curve for flu vaccines that accounts for the external benefit. Instructions: Use the tool provided (MBsocial) and plot only the two endpoints across the range of output (0 - 350). b. Suppose the government decides to intervene in this market by offering a subsidy to consumers of $3 per vaccine. Draw the shift in the demand curve that will occur as a result of this subsidy. Instructions: Use the tool provided (Dafter-subsidy) and plot only the two endpoints across the range of output (0 - 350) c. A $3 subsidy i v (Click to select) Draw the deadweight loss that remains after the government offers a $3 subsidy. too low Instructions: Us too high OWL) to draw the deadweight loss. The deadweight loss to society when the government offers a $3 subsidy is $ million. If the government had not intervened, the deadweight loss would have been $ million. To eliminate the deadweight loss entirely, the government should offer a subsidy of $6.The production of steel causes air pollution. Assume that the damage done by this pollution can be quantified as $200 per ton of steel 6 produced. The figure below shows the marginal private benefit and the marginal private cost of steel. 2 S after-tax points Price ($) 650 7 DWL 600 - 550 - eBook 500 - MCsocial 450 - S=MC put 400 - Print 350 - 300 - 250- 200- 150- 100- D=MB =MB social 50- 0 10 20 30 40 50 60 70 80 90 100 110 120 130 140 Tons of steel (millions) reseta. Draw the marginal social cost of steel on the graph. Instructions: Use the tool provided {Mcsociall and plot only the two endpoints across the range of output 0 - 120. b. Suppose the government decides to intervene in this market by imposing a ta): of $75 per ton of steel produced. Draw the shilt in the supply curve that will occur as a result of this subsidy. Instructions: Use the tool provided {Salter-tax} and plot only the two endpoints across the range of output 0 - 120. c. A. $75 tax I raw the deadweight loss that remains after the government imposes a $75 tax. Instructions: I 5e ' e -o prov ued {DWL} to draw the deadweight loss. Round your answers to two decimal points. The deadweight loss to society when the government imposes a $75 tax is $ |:| million. To eliminate the deadwelght loss entirely. the government should impose a tax of $ |:|
