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HW Score: 0%, 0 of 11 points QO Points: 0 of 1 Question 4, Concept Question 3.2 Suppose a factory emits pollution into the air
HW Score: 0%, 0 of 11 points QO Points: 0 of 1 Question 4, Concept Question 3.2 Suppose a factory emits pollution into the air during its production process. The demand (D) for its output (Q) is p=1800-Q, its marginal cost of production (MC) is MC=1.8Q, and the social marginal cost of production (MCS} is MC = 3Q. If the government were to achieve the social optimum amount of production with an emissions fee, then what would be the optimal fee? The optimal fee would be $| | per unit of output. (Enter a numeric response using a real number rounded to two decimal places.) Question 5, Text Exercise 4.2 HW Score: 0%, 0 of 11 points O Points: 0 of 1 Save Suppose that the inverse demand curve for paper is p = 224 - Q, the private marginal cost (unregulated competitive market supply) is MC = 104 + Q, and the marginal harm from gunk is MC. = Q. What is the unregulated monopoly equilibrium quantity? |(round your answer to the nearest integer) What is the unregulated monopoly equilibrium price? $ (round your answer to the nearest penny)Question 6, Concept Question 6.7 N HW Score: 0%, 0 of 11 points Part 1 of 2 QO Points: 0 of 1 Suppose there are three stores in a shopping center that would benefit from security lights in the parking lot according to the following demand functions: P,=60-Q Pg=40-3Q P-=30-2Q for store A, B, and C, respectively. If security lights cost $70 each, in other words market supply is p =70, what is the efficient quantity of lights? (round your answer to the nearest integer) Question 5, Text Exercise 4.2 > Suppose that the inverse demand curve for paper is p = 224 - Q, the private marginal cost (unregulated competitive market supply) is MCp =104 + Q, and the marginal harm from gunk is MC, = Q. What is the unregulated monopoly equilibrium quantity? | 30| (round your answer to the nearest integer) What is the unregulated monopoly equilibrium price? $|194| (round your answer to the nearest penny) @ One or more of your responses is incorrect. Add the marginal harm from gunk to the private marginal cost and equate to the inverse demand curve and solve for Q. Plug this result into either the inverse demand curve or the marginal cost to determine price. Question 6, Concept Question 6.7 N HW Score: 30.91%, 3.4 of 11 points ET X & Points: 0.5 of 1 Suppose there are three stores in a shopping center that would benefit from security lights in the parking lot according to the following demand functions: P,=60-Q Pg=40-3Q P-=30-2Q for store A, B, and C, respectively. If security lights cost $70 each, in other words market supply is p =70, what is the efficient quantity of lights? 10 (round your answer to the nearest integer) How many security lights will be purchased if each store buys its own lights? (round your answer to the nearest integer)
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