Answer-When an individual’s consumption decreases the wellbeing of others, but the individual does no...

Q: Answer-When an individual&rsquo;s consumption decreases the wellbeing of others, but the individual does no...

Negative Consumption Externality MSB lt MPB is where an individualrsquos consumption decreases the wellbeing of others, but the individual does not compensate those others. Examples include excessive drinking of alcohol, smoking, obesity, motor vehicle pollution and using a noisy motorcycle.

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When an individual’s consumption decreases the wellbeing of others, but the individual does no

Question

When an individual’s consumption decreases the

wellbeing of others, but the individual does not compensate those others. It is the case of__________.

A Positive Production Externality Correct Answer Incorrect Answer

B Negative Production Externality Correct Answer Incorrect Answer

C Positive Consumption Externality Correct Answer Incorrect Answer

D Negative Consumption Externality Correct Answer Incorrect Answer

Solution

Negative Consumption Externality (MSB < MPB) is where an individual’s consumption decreases the wellbeing of others, but the individual does not compensate those others. Examples include excessive drinking of alcohol, smoking, obesity, motor vehicle pollution and using a noisy motorcycle.

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When an individual&rsquo;s consumption decreases the

Solution

When an individual’s consumption decreases the