Suppose the indifference curve was computed from a survey. All of the following are reasons the indifference curves may be unreliable except

For questions 10-13, the following graph describes the market for train tickets.   What is consumer surplus when there is a $8 tax?

Question 17-21 refer to the following graph   Now suppose the income increases to $48, the price of pizza is $2, and the price of soda is $2. The increase in pizza consumption (when compared to question 19) is  

For questions 10-13, the following graph describes the market for train tickets.   Suppose that there is a $6 positive externality for the market. What should the government do to ensure the quantity transacted is optimal?

Question 14-16 considers the market for milk. Suppose there is a 25% increase in income, what happens to the quantity demanded of milk?

Suppose the government imposes a price floor at B. Consumer surplus with the price floor equals the area defined by which points?

What is the purpose of tradable allowances in the area of products that produce externalities?

The proposition that private parties with clearly defined property rights and low transaction costs can resolve externalities problems on their own is called the:

An example of a private good would be:

An example of a common resource would be: