• You have completed the Learning Materials on Economics (Module 11)
• You have read this week's Course Reading: Bittman, M. (2014, Jul. 15). "The true cost of a burger."New York Times.

Deliverables

Answer the following questions. Be sure to include the full reference for the source of any information used to answer these questions,and include in-text citations where appropriate. It is expected that your answers will be based on information found in Bittman (2014) and the Learning Materials from SCIE 221 The Environment (2022).

Resources

For how to format in-text citations, see the Humber Library's APA in Minutes for in-text citations:https://library.humber.ca/help/apa-7th/text-citations#main-content

You may find it helpful to re-do the "You Quote It, You Note It" tutorial at:https://library.acadiau.ca/research/tutorials/you-quote-it-you-note-it-2.html

For a refresher on how to properly format some online sources, see the Humber Library's APA in Minutes for Websites:https://library.humber.ca/help/apa-7th/websites#main-content

QUESTIONS :-

1.Explain what an externality is, and describe one example of an externality.

2 Explain how Interface Floor (Ray Anderson's company) increased profitability by reducing their ecological footprint.

3. How much do you currently pay for a cheeseburger (or your favourite type of restaurant meal)? Would you still buy it if the price doubled to include the cost of all of the externalities? (This is an opinion question, so you do not need in-text citations or references unless you include information that did not come from your own brain).