Graph 10-2
This graph reflects the market for kiwifruit, where pesticide used by kiwifruit orchardists also unintentionally kills honey bees.
-Refer to Graph 10-2. What price and quantity combination best represents the optimum price and number of kiwifruit trays that should be produced?
A) P1, Q1
B) P2, Q0
C) P3, Q1
D) The optimum quantity is zero kiwifruit as long as honey production by beekeepers is lower because of pesticide use.
Correct Answer:
Verified
Q63: Graph 10-2 Q65: Graph 10-2 Q66: Graph 10-2 Q69: Graph 10-2 Q81: Internalising a positive production externality will cause Q87: Technology spillover occurs when: Q93: Which of the following statements is most Q96: Suppose fertiliser use on pastoral land causes Q99: Markets are inefficient when positive production externalities Q118: Which of the following statements about a Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)the firm's innovations allow