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E Microsoft Word - Microeconomics 1150-011 Winter 2022 pop q... 1 / 2 - 75% + . . . Microeconomics 1150 Winter 2022 Pop Quiz
E Microsoft Word - Microeconomics 1150-011 Winter 2022 pop q... 1 / 2 - 75% + . . . Microeconomics 1150 Winter 2022 Pop Quiz 5 Student Name Student Id Use the table to work Problems 1 to 3. The first two columns of the table show the Price demand schedule for electricity from a coal Quantity burning utility; the second and third columns cents demanded Marginal cost per show the utility's cost of producing electricity. (kilowatts (cents per The marginal external cost of the pollution kilowatt) per day) kilowatt) created equals the marginal cost. 4 500 10 8 400 1 . With no government action to control 12 300 pollution, what is the quantity of 16 200 electricity produced, the price of 20 100 electricity, and the marginal external cost of the pollution generated? 2. With no government action to control pollution, what is the marginal social cost of the electricity generated and the deadweight loss created
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