Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If PMB = 300 - 3Q, PMC = 30 + Q and MD = 2Q, what is the private level of output produced? ( a)

image text in transcribedimage text in transcribed

image text in transcribedimage text in transcribed
If PMB = 300 - 3Q, PMC = 30 + Q and MD = 2Q, what is the private level of output produced? ( a) 110 ( b) 45 ( c) 67.5 O d) 165 ( e) 82.5 Question 10 (1 point) () Listen If PMB = 300 - 3Q, PMC = 30 + Q and MD = 2Q, what is the social optimal level of output produced? ( a) 1620 O b) 135 O c) 45 O d) 55 O e) 50If PMB = 300 - 3Q, PMC = 30 + Q and MD = 2Q, how much Pigouvian tax revenues would the government collect if the use such a tax to get the firm to produce at the socially optimal level of output? ( a) 2025 b) 3037.5 O c) 1012.5 O d) 4050 ( e) None of these answers. Question 13 (1 point) () Listen If PMB = 300 - 3Q, PMC = 30 + Q and MD = 2Q, how much would a Pigouvian subsidy have to be to get the firm to produce at the socially optimal level of output? ( a) 2025 ( b) 1012.5 O c) 6075 O d) 4050 (e) None of these answers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Microeconomics

Authors: Christopher T.S. Ragan

16th Canadian Edition

0134835832, 978-0134835839

More Books

Students also viewed these Economics questions

Question

What reward will you give yourself when you achieve this?

Answered: 1 week ago