Question: I can't figure out how to graph this and answer the question. YOUR TURN! GRADED Name or W # Question 1 (12 points Light bulbs

 I can't figure out how to graph this and answer the

I can't figure out how to graph this and answer the question.

question. YOUR TURN! GRADED Name or W # Question 1 (12 points

YOUR TURN! GRADED Name or W # Question 1 (12 points Light bulbs have a dark side. As urban and suburban areas flourish, many businesses and households invest in cosmetic lighting systems. Light pollution at night, however, endangers ecosystems by harming species whose life cycles depend on the dark. Further, we are harming our biochemical rhythms, causing us to lose our connections with night. Graph the market for light bulbs. Demonstrate the market for light bulbs. Distinguish between the market outcome and the socially efficient outcome. Shade the deadweight loss. ASSUME there are NO externalities in production. To receive full credit, your graph must include MSB, MB, MSC, and MC, and be completely labeled. Should society be allocating more resources or fewer resources to the production of light bulbs? Social Science (SS) Learning Outcome 1 Social Science (SS) Learning Outcome 2 Social Science (SS) Learning Outcome 3

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