Reference no: EM131240618
1. Indicate whether the following activities create a positive or negative externality:
a. Late-night road construction begins on a new bridge. As a consequence, traffic is rerouted past your house while the construction takes place.
b. An excavating company pollutes a local stream with acid rock
c. A homeowner whose property backs up on a city park enjoys the sounds of kids playing soccer
d. A student uses her cell phone discreetly during class
2. Indicate whether the following are private goods, club goods, common-resource goods, or public goods:
a. A bacon double cheeseburger
b. An NHL hockey game between the Pittsburgh Penguins and the Detroit Red Wings
c. A 4th of July fireworks show
d. A swimming pool
e. A vaccination for the flu
f. Street lights
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Relationship into production constraint to obtain optimal
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