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Safari File Edit View History Bookmarks Window Help canvas.highline.edu 1 matcha D Question 7 A negative externality O is an adverse impact on a bystander O causes the product in a market to be under-produced. O is an adverse impact on market participants. O is present in markets where the good or service does not have any impact on bystanders. D Question 8 Average total cost equals Ochange in total costs divided by quantity produced. change in total costs divided by change in quantity produced. (fixed costs+ variable costs) divided by quantity produced (fixed costs+ variable costs) divided by change in quantity produced. 12

Explanation / Answer

A negative externality such as pollution incurs more cost or tax on the producers or the market participants on the whole.

Therefore (c) is an adverse impact on market participants

2) Average cost = Total cost/total quantity

= (Fixed +Variable costs)/quantity

Therefore (c) Fixed costs + Variable costs / total quantity produced is the answer

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