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ECC1000 - Principles of microeconomics - S2 2025

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Is this the socially optimal quantity?

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What quantity of bananas will be produced if fishermen are given the right to clean water and bargaining has not happened? Enter only the number (in tons of bananas per year), with no additional words or symbols.

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Suppose bargaining was to get the quantity of bananas to point B. What is the minimum the [receiving party, based on the question above] would be willing to receive, based on the labeled letters C, D, E, and F.

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Suppose an emissions tax is imposed on all dairy farms in Victoria. This tax would:

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Suppose bargaining was to get the quantity of bananas to point B. What is the maximum the [paying party, based on the question above] would be willing to pay, based on the labeled letters C, D, E, and F.

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Which of the following is NOT an activity that generates an externality?

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If a good that involves external costs is priced to take these costs into account, then it’s price will:

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If the interest rate decreases, which of the following must be true?

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Imagine

Harry, who earns $50 today and $50 in a year’s time and he can borrow and lend

at 10%. What is the maximum amount that he can consume today? Enter only the number, with no additional words or symbols. Round to two decimal places.

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How does Harry's outcomes compare to Julia's, who also gets $100 but all in a year's time?

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