QUESTION 16 Takin i look at the attached graph, which illustrates a market for a product that creates an examality (the type of adamality is intentionally unspecified) 10 9 Social Cost S 8 Price ($) W D 2 0 100 200 300 400 500 600 700 800 900 1000 Quantity In this somario, the market equilibrium quantity is_ . while the quantity that would be ideal for society as a whole is 0)500, 400 0 600, 500 0 400, 500 0 5, 5050 0 650, 5QUESTION 17 Suppose we have the following information on the cost of eliminating pollution for two firms: Unit 1 Unit 2 Unit 3 Firm 1 560 $200 mpossibly high Firm 2 $300 3500 mpossibly high What is the total cost if the government decides to regulate pollution by requiring each firm eliminate two units? O 1080 O 700 O 360 O Not enough information. O 760 QUESTION 18 Now suppose the government decides to regulate pollution by giving each firm two tradeable pollution permits. Given this, which of these statements is most likely to be true? O Firm 1 will sell two permits to Firm 2. O Firm 1 wil sell one permit to Firm 2 for $250. O Firm 2 will sell one permit to Firm 1 for $250. O Neither firm will sell permits to the other. O Firm 2 will sell two permits to Firm 1.Below is a table showing the production of a small vegetable farm based on the number of gardeners they employ. Gardners Veggies 110 300 300 470 CT 540 590 With this data, what is the Marginal Product of Labor when the farm increases its workforce from 4 gardeners to 5? 0 540 O None of the answers. Q 470 O 80 O 70