Give all the social costs associated with commuting by car. Remember that social

Question

Give all the social costs associated with commuting by car. Remember that social costs are the opportunity costs of commuting, regardless of who incurs the costs. For example, the costs of operating a car are a social cost. They are also a private cost. In this example they are the same, but this is not the case always When there are externalities, the social costs are different than the private costs. We call the social costs of externalities their external costs and social costs equal the external costs plus the private costs. List at least four externalities for commuting by car, and explain why the social costs may be greater than the private costs. Are these external costs always non-zero? c. d. Explain why or why not. What kinds of policies are in place at the Federal and state level that reduce the number of individuals who choose to commute by car? e.

Explanation / Answer

Social cost is the cost involved in the private expenses and it is the opportunity cost of commuting like cost of operating the car.Social cost associated with commuting by car include occupying parking space including commercial rent,subsidising petrol ,diesel cost ,maintainence cost,repair,servicing cost involved in car.

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