Use the graph to answer Questions 5 & 6. SAMPC) PRICE AND COST - -100-200 300 400-500-600 700 800-900- Question 5 The expected output when only private costs are considered is Question 6 The expected output when social costs are considered isQuestion Describe and provide examples of the following: 1) Negative externalities: 2) Positive externalities:\fQuestion 11 3 pts According to the lecture, and i are the two countries with the highest emissions of greenhouse gases. Question 12 4 pts According to the video lecture, what are sustainable development goals? Do not Google this. The answer will be wrong. Question 1 Which of these is an example of consumers creating a negative externality? 0 Air trafc from a nearby airport reduces property values. 0 A fastfood restaurant fails to provide medical benets to employees. 0 Litter is found in an area around a fast-food restaurant. 0 A tanker ship leaks oil into a harbor. Question 2 2 Spraying for mosquito control in a local community is an example of a public good because it is: O rival and exhibits excludability. O nonrival and exhibits excludability. O nonrival and exhibits nonexcludability. O rival and exhibits nonexcludability.Question 3 2 pts Mike constructed a beautiful backyard landscape. He also built a tall wooden fence around his yard. With the fence in place, the good that the landscape brings to the neighborhood becomes a: 0 private good because Mike pays for the landscaping out of his own pocket. 0 public good because there is still nonriyalry in seeing the landscape. 0 private good because Mike can exclude people from enjoying the landscape. 0 public good because the landscape is part of nature. Question 4 Riding in a Greyhound Bus exhibits ___, and a can of Coke is a _____ product. O excludability; rival O nonexcludability; nonrival O nonexcludability; rival O excludability; nonrivalQuestion 5 The tragedy of the commons applies to goods that are: O nonrival and excludable. O rival and excludable. O rival and nonexcludable. O nonrival and nonexcludable.Question 6 2 pts An oil field lies beneath the border of Oklahoma and Texas. Both states drill wells every 100 yards, and in two weeks, the field loses all its pressure and ability to produce, leaving 80% of the oil in the ground. This consequence is an example of market failure due to: O nonrivalry. O public goods. O common property resource. O answer is not listedQuestion 7 All of these are considered negative externalities, EXCEPT: O overstock of a u vaccine. 0 noise from a neighbor's house. 0 cigarette smoke. 0 dogs barking. Question 8 Based on the table, what is the optimal quantity of pollution abatement? Quantity of Pollution Abatement Marginal Cost Marginal Benefits 1.000 150,000 550,000 1.500 200.000 400.000 2.000 300,000 300.000 2.500 450,000 150,000 O 2,500 O 1,000 O 1,500 O 2,000Question 9 2 pts If the marginal damage caused by a certain type of pollution is $100 billion and the marginal cost of abatement is $180 billion, then: C) society would be better off with zero pollution. O society would be better off if emissions were increased. 0 society would be better off if emissions were reduced. 0 command and control policies should always be used. Question 10 2 pts In a 2008 case before the Supreme Court regarding older power plants and how best to protect fish and aquatic organisms, Justice David Souter remarked, "The difficulty that I have is if you are going to apply . . . a cost-benefit analysis, I'm not sure how it would work. Are a thousand plankton worth a million dollars?" Justice Souter's question points out the difficulty of: O measuring the appropriate discount rate for public projects. O the nonexclusive characteristic of public goods. O the nonrival characteristic of public goods. O measuring the cost/ benefit of public projects