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Hello! Need help with this question: Demand: 145- 5P Supply: 3P- 15 There is also constant marginal external cost of$20 associated with each purchase. At
Hello! Need help with this question:
Demand: 145- 5P
Supply: 3P- 15
There is also constant marginal external cost of$20 associated with each purchase.
- At the market equilibriumquantity, what is the marginal social cost associated withpurchase?
- At what quantity ofdoes each purchase satisfy allocativeefficiency?
- Given the marketequilibrium, what deadweight loss with each purchase?
- When quantity = zero, what is the deadweight loss?
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