Is the externality positive or negative? explain. identify the socially optimum output. explain how you determined your answer. suppose that banana oil is produced by a profit-maximizing monopoly. answer each of the following. i. identify the unregulated firm’s output. explain how you determined your answer. ii. to produce the socially optimum output, should the government tax or subsidize the firms in the banana oil industry? if so, how much should the tax or subsidy be? suppose that banana oil is produced in a perfectly competitive industry. answer each of the following. i. identify equilibrium output in the absence of regulation. explain how you determined your answer. ii. to produce the socially optimum output, should the government should tax or subsidize the firms in the banana oil industry? if so, how much should the tax or subsidy be?

Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.

Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u. s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize

Why is accountability important in managing safety