solve in detail
a) What is the market price of vegetables grown with pesticides? b) What is the market quantity of vegetables grown with pesticides? c) What is the socially optimal quantity of vegetables grown with pesticides? d) What is the socially optimal price of vegetables grown with pesticides? e) If the government imposes a tax to internalize the externality from the production of vegetables with pesticides, what should the amount of the tax be? What part of this tax (in dollars) would be paid by consumers? What part (in dollars) would be paid by producers? f) How large is the annual deadweight social loss (in dollars) from excessive production of vegetables with pesticides?d) What is the socially optimal price of vegetables grown with pesticides? e) If the government imposes a tax to internalize the externality from the production of vegetables with pesticides, what should the amount of the tax be? What part of this tax (in dollars) would be paid by consumers? What part (in dollars) would be paid by producers? f) How large is the annual deadweight social loss (in dollars) from excessive production of vegetables with pesticides?Question 1 Growing vegetables with pesticides generates an external cost. The following graph represents the market for these vegetables. Use the graph to answer the questions below. Price (P) of vegetables with pesticides (per pound) Social MC Private MC $3.75 $3.50 $3.20 D = MB Quantity (Q) of vegetables with pesticides (in million 17 20 pounds per year) Figure 1Question 1 Growing vegetables with pesticides generates an external cost. The following graph represents the market for these vegetables. Use the graph to answer the questions below. Price (P) of vegetables with pesticides (per pound) Social MC Private MC $3.75 $3.50 $3.20 D = MB Quantity (Q) of vegetables with pesticides (in million 17 20 pounds per year) Figure 1Price (P) of flu vaccines A Social MB Private M B I : ' Quantity (0.) of flu vaccines 160 300 per year (in millions} Figure 2 a) What is the market price of u vaccines? b) What is the market quantity of u vaccines sold per year? c) What is the socially optimal quantity of u vaccines per year? Question 2 Flu vaccines are an example of a good with external benefits. The following graph represents the market for flu vaccines in the US. Use the graph to answer the questions below.Question 2 Flu vaccines are an example of a good with external benefits. The following graph represents the market for flu vaccines in the US. Use the graph to answer the questions below.d) What is the socially optimal price of u vaccines? e) If the government subsidizes vaccination against inuenza to internalize the extemality, should it impose the subsidy on consumers or producers of u vaccines? How large should the subsidy be? How much less per u vaccine would patients (i.e., consumers) pay? How much more would manufacturers (i.e., producers) of u vaccines receive
