Question: 1.Please list three externalities that may result from the government subsidizing the production ...

1.Please list three externalities that may result from the government subsidizing the production and delivery of a merit good such as an art museum. (Remember, an externality has to be a gain or loss to someone else - usually money, but not necessarily always). What if the government repaves an interstate highway like #80 running through Davis, CA. Are there externalities tied to that which can be measured in money? Give the defination or graph or example for the following questions. 5. Minimum subsidy to reach the social optimal level of "x" from a positive externality. 6. Privately produced public good7. Social Conventions with respect to externalities 7. Social Conventions with respect to externalities 9. Blanket Approach to Regulation 10. Fuel Economy standard for automobiles 11. Reaching the Socially Efficient Level of Production by Merger 12. Negative Externality from Consumption 13. Private optimal level versus socially optimal level of production 14. Marginal External Benefit curve that slopes upward at an increasing rate 15. Pigouvian Subsidy to get to Socially Optimal Level with negative Externality