Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Dinners MU boeuf Total Workers 1 $35.00 0.20 2 $33.25 0.43 3 $31.59 0.69 4 $30.01 1.00 5 $28.51 1.35 6 $27.08 1.75 7 $25.73

Dinners MU boeuf Total Workers
1 $35.00 0.20
2 $33.25 0.43
3 $31.59 0.69
4 $30.01 1.00
5 $28.51 1.35
6 $27.08 1.75
7 $25.73 2.21
8 $24.44 2.75
9 $23.22 3.36
10 $22.06 4.06
11 $20.96 4.87
12 $19.91 5.80
13 $18.91 6.87
14 $17.97 8.10
  1. (2 points) Beyonc gets smart and realizes that she is a monopolist with the only quality bistro around. Calculate the marginal revenue she gets for each additional serving as the change in total revenue (price times sales). Graph this. What is the new quantity of sales and the new price?
  2. (1 point) Shade in theentire area of consumer surplus on your monopoly graph. Shade in theentire area of producer surplus.

  1. (2 points) Estimate consumer and producer surplus under perfect competition and under monopoly. What is the dollar value of each, and of total social surplus? Which is better for consumers? Which is better for producers? Which is better for society? Explain.

If a client with a 5% discount rate asks you to help decide between building A) a natural gas power plant with a life of 70 years and a NPV of $70 million or B) an offshore wind-driven power generator with a life of 35 years and NPV of $35 million. You should:

Group of answer choices

a. pick alternative A because it has a $35 million higher NPV.

b. use the rollover or annuity factor method to compare the two.

c. decline the job because there is not enough information.

d. say it's a tossup because the value of B would also be $70 million.

Time-declining discounting helps increase the influence of future values.

a. true

b. false

Spenders : guardians ::

Group of answer choices

a. county government : state government.

b. developers : legislators.

c. legislators : developers.

d. legislators : state budget offices.

1. If an optimal policy turns on how the CBA analyst should weigh the perspectives of individuals in various time periods, then how should disagreements among their temporal selves get resolved?

2. Upon what would the "best" SDR depend for choosing among various programs to reduce climate change?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Concepts of Database Management

Authors: Philip J. Pratt, Mary Z. Last

8th edition

1285427106, 978-1285427102

Students also viewed these Economics questions