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e) Total costs 2.1 What are the producer and consumer surplus at the equilibrium? 2 Local residents in Goleta are selling apples grown in their
e) Total costs 2.1 What are the producer and consumer surplus at the equilibrium? 2 Local residents in Goleta are selling apples grown in their backyards to friends and neighbors to raise funds for the local food bank. You decide to run a poll of a few huyers and sellers to get an itlea of the apple market. Uning the poll, you've: estimated how many apples people would like to buy and sell at different prices: 2.5 The growers use pesticides to prtect apple trees from bugs. But these pesticides also kill neighhoring apiculturists' becs, costing them lost honey sales, After interviewing the distressed apiculturists, you've determined that the marginal damages marginal cost curve? 2.1 Assume that this data describes both linear supply and demand curves for the Apples market in Goleta. Draw the supply and demand curves for the market for a) iplis 2.6 Rredraw thes supply and demand courves, adding lines ropressonting the markinal dimagces and social marginal conts. 2.2 Use the data in the table above to calculate the equations for these lines. 2.7 What are the total damages from producing the oquilibrium mumber of apples? 2.3 What are the equilibium price and quantity for the apple market? e) Total costs 2.1 What are the producer and consumer surplus at the equilibrium? 2 Local residents in Goleta are selling apples grown in their backyards to friends and neighbors to raise funds for the local food bank. You decide to run a poll of a few huyers and sellers to get an itlea of the apple market. Uning the poll, you've: estimated how many apples people would like to buy and sell at different prices: 2.5 The growers use pesticides to prtect apple trees from bugs. But these pesticides also kill neighhoring apiculturists' becs, costing them lost honey sales, After interviewing the distressed apiculturists, you've determined that the marginal damages marginal cost curve? 2.1 Assume that this data describes both linear supply and demand curves for the Apples market in Goleta. Draw the supply and demand curves for the market for a) iplis 2.6 Rredraw thes supply and demand courves, adding lines ropressonting the markinal dimagces and social marginal conts. 2.2 Use the data in the table above to calculate the equations for these lines. 2.7 What are the total damages from producing the oquilibrium mumber of apples? 2.3 What are the equilibium price and quantity for the apple market
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