My Missouri S X R Announcements - CO x w Participation Makeup X H Problem Sets - ECO 1 x Hi Take Test: blackboard.missouristate.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_212161_1&course stion Completion Status: QUESTION 14 Problem 7 Society is made up of two individuals, A and B, whose demands for public good x are given in Figure 1. A's Demand B's Demand 100 - 20 P - 100 - 10 P Problem 7A: Assuming that the public good can be produced at a constant marginal cost of $6, what is the optimal level of output? Click Save and Submit to save and submit. Chek Save All Answers to save all answers. Type here to search M G hpOfistant marginal cost of $6, what is the optimal level of output? QUESTION 15 level of output? Problem 78: Assuming that the public good can be produced at a constant marginal cost of $6, how much would you charge Individual A for the optimal [Answer using just entering the number--please do not use any dollar signs] QUESTION 16 Problem 7C: Assuming that the public good can be produced at a constant marginal cost of $6, how much would you charge Individual B for the optimal evel of output? [Answer using just entering the number--please do not use any dollar Save All An Click Save and Submit Type here to search O Hi #Hi Take Test: Problem Se x G What is an My Missouri S x Hi Announcements - CO| x w Participation Makeup X H Problem Sets - ECO 1( x blackboard.missouristate.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_212161_1&course_id=_57032_1&content_id=_4 C lestion Completion Status: QUESTION 5 Problem 2 The following diagram represents the profit-maximizing price and output for a firm in a perfectly competitive industry with no externalities. Regulated Aggregate Market Individual Firm with damage cost MSC Price Price S With without damage cost Damage cost Demand Quantity Quantity Problem 2A: If the production of the product imposes external costs on society and these costs are not factored into production decisions, would you say that the price is: Just right Too high Click Save and Submit to save and submit. Click Save All Answers to save all answers, Type here to search O Eli N f2 14 10 f6 $7 fg f10 14 # & 4 5 O O31 Home - My Missouri S x Hi Announcements - CO X w Participation Makeup X H Problem Sets - ECO 1 -> C blackboard.missouristate.edu/webapps/assessment/take/launch.jsp?course_assessment_id=. Question Completion Status: Problem 18: What is the resulting quantity of output in an excessively regulated market? Quantity 1 (Q1) Quantity 2 (Q2) O Quantity 3 (Q3) QUESTION 3 Problem 1C: What is the resulting quantity of output in an unregulated market? Quantity 1 (Q1) Quantity 2 (Q2) Quantity 3 (Q3) QUESTION 4 Problem 1D: What is the resulting price level in an appropriately regulated market? Price 1 (P 1) price 2 (P2) Click. Save and Submit to save on ave All Answers to say Type here to search O hpe - My Missouri S X Hh Announcements - CO x w Participation Makeup x 1b Problem Sets - ECO 1 x Bby Take Test: Problem Se X G Wh G blackboard.missouristate.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_212161_1&course_id=_57032_1&content_ Question Completion Status: Quantity Problem 2A: If the production of the product imposes external costs on society and these costs are not factored into production decisions, would you say that the price is: Just right Too high Too low QUESTION 6 Problem 28: If the production of the product imposes external costs on society and these costs are not factored into production decisions, would you say that the quantity produced is: just right Too much Not enough QUESTION 7 Problem 3 The figure shows the marginal private cost and marginal social cost of producing bananas while using pesticides, The per-tonne price of bananas is constant at $400. Click Save and Submit to save and submit. Click Save All Answers to save all answers. O Type here to search hp 10 19 14 18 f4 13 2 ? 8 O SC aParticipation Makeup X . Problem Sets - ECO 1 X Bb Take Test: Problem Se x G What - My Missouri 5 X Hh Announcements - CO x blackboard.missouristate.edu/webapps/assessment/take/launch.jsp/course_assessment_id=_212161_18course_id=_57032_1&content_id= Question Completion Status: Problem 1 If government imposes on the firms in a polluting industry penalties (taxes) that exceed the actual value of the damage done by the pollution, the result is an inefficient and unfair imposition of costs on those firms and on the consumption of their products. Individual Firm Regulated Aggregate Market MC with damage cost MSC Price S with withour damage Damage cost D- MR Demand Quantity Problem 1A: What is the resulting price level in an excessively regulated market? Price 1 (PA Price 2 (Pp) Price 3 ( P-) Click Save and Submit to save and submit. Click Save All Answers to save all answers. G Type here to search O hp fg F10 DI DDI 14 f4 f2 ? O O 2 5