Hi tutor , i have 5 questions from microeconomic, please help me solve it , thank you so much.
Question 1: Read the following article: https:/www.bloomberg.com/view/articles/2018-03-29/sugar-tax-a-new-u-k-levy-on-sugary-drinks-is-a-promising-start . What type of externality is being discussed in this article? Justify your decision regarding the type of externality you believe is being discussed in the article.
Question 2: Read the following article: http://www.smh.com.au/national/health/hospitals-and-health-groups-demand-20-per-cent-soft-drink-tax-20170918-gyjx7i.html. Name four of the proposed policies (solutions) that are discussed in the article.
Question 3: If society’s aim is to maximise social welfare, as well as fairness, which of the proposed policies (solutions), from Question 2, would be advocated by the deontological school of ethical thought. Explain why.
Question 4: If society’s aim is to maximise social welfare, as well as fairness, which of the proposed policies (solutions), from Question 2, would be advocated by the consequentialist school of ethical thought. Explain why.
Question 5: Demonstrate the externality that is discussed in Question 1, in the diagraam below, showing the market equilibrium, the allocatively efficient outcome, and the deadweight loss:
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