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A fertilizer plant near Coalinga produces bags of cow manure. The fertilizer plant 43) produces a noxious odor that produces an external cost for households

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A fertilizer plant near Coalinga produces bags of cow manure. The fertilizer plant 43) produces a noxious odor that produces an external cost for households living near the plant. Let Q = number of bags of fertilizers produced per week Let MPC = marginal private cost = 2 + 0.000175Q Let MSC = marginal social cost = 2 + 0.000225Q Let MPB = marginal private benefit = P = 10 - 0.00025Q Using the information on the fertilizer plant above, the quantity and price established in a competitive market will be given by (rounded to the nearest unit and penny respectively): 20,000 units at $4 per unit 16,000 units at $6.35 per unit 18,824 units at $5.30 per unit 15,600 units at $8.00 per unit

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