One method of dealing with a negative externality is to set quotas on the consumption of the good. Suppose that there are only two consumers of a good with a negative externality, Nicole and Andrew. Their willingness-to-pay schedules are given below. Quantity Nicole's Willingness to Pay Andrew's Willingness to Pay 1 50 25 2 40 20 3 30 15 4 20 10 5 10 5 Suppose that the government wishes to limit consumption of this good to 6 units, and thus sets a consumption quota of 3 units on each consumer. If the price of the good is $15, each consumer will purchase the three units allowed. Instructions: Enter your answer as a whole number. a. Total consumer surplus is: $ . b. The resulting distribution of resources is (Click to select) . c. Consumer surplus (and thus social surplus) at the same output: multiple choice 2 would increase if fewer units were consumed. would increase if Nicole received fewer units and Andrew received more units. is maximized at the current equal distribution of goods. would increase if Nicole received more units and Andrew received fewer units.

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?

Identify the three components of a family's culture and provide one example from your own experience

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.