Answer to Question #17526 in Macroeconomics for Kayla

Question

Graph the market for water park business, labeling demand curve, social curve, market equilibrium level of output, and efficient level of output.
What is per unit amount of externality?
Increasing foot and street traffic at night, this will improve safety around businesses with an estimated benefit of $3 per water park attendee. What kind of externalities is this? why?
Create new graph illustrating market for water park business for these two externalities, labeling same info as other graph
What is the per unit amount for both externalities?

Answer 1

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