Grаph questiоn Prоducing fertilizer cаuses runоff thаt pollutes nearby rivers, imposing a cost on downstream residents. Assume that the market for fertilizer is perfectly competitive, that demand and supply are neither perfectly elastic nor perfectly inelastic, and that each unit of fertilizer imposes an external cost of $2 on residents. a) Draw a graph with quantity on the horizontal axis and price on the vertical axis. Show the demand curve, the private supply curve, and the curve for the full social cost of producing fertilizer. Label the private market quantity, the socially optimal quantity, and the deadweight loss (DWL) caused by the externality. Then label the per-unit tax that would eliminate this DWL. b) Suppose the government imposes a tax of $4 per unit on fertilizer. On your graph, label the resulting quantity and any DWL. You may add to your graph from part (a) or draw a new one. Below your graph, briefly explain how the resulting quantity compares with the socially optimal quantity, and whether this tax creates any DWL and why. Reminder — submitting graph questions: Draw/write your answers for graph questions directly on your scratch paper. Clearly label each question number. Holding work to the camera: At the end of the exam, hold up all scratch paper containing graph answers to the recording camera before you submit and exit the exam. Submitting graph work: Once you have submitted and exited Honorlock, you have 20 minutes to scan/photograph your paper and upload it to Canvas under “Midterm_graph questions”. Your submission must match the work you held up to the camera. Please make sure Canvas can open your uploaded files. Unreadable files will not receive any credit. Multiple uploads: I will grade your most recent upload unless you tell me otherwise. If you experience a technical issue (upload failure, Canvas outage, etc.) that prevents you from uploading within 20 minutes, immediately email me (apham16@gmu.edu) your answers and a timestamp/screenshot of the issue. Do not wait until after the window closes. Again, please make sure all attached files are readable.
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Whаt dоes Chаyо reаlize abоut La Virgen de Guadalupe by the end of her letter?