Question
PLEASE ANSWER ASAP FOR FAST, GUARANTEED THUMBS UP!! Use the following information to answer questions: Suppose that public television broadcasting is provided to residents of
PLEASE ANSWER ASAP FOR FAST, GUARANTEED THUMBS UP!!
Use the following information to answer questions:
Suppose that public television broadcasting is provided to residents of a small rural town. A careful study of the town's viewing tastes reveals two groups of individuals: older, more highly educated viewers (group 1) and younger, less educated viewers (group 2). In group 1, there are 300 viewers; in group 2, there are 200 viewers. The marginal benefit of a typical viewer in group 1 is estimated to be MB1=12-Q and the marginal benefit of a typical viewer in group 2 is estimated to be MB2=9-3Q, where Q is the number of hours of television programming per day.
Now consider the marginal social benefit (MSB) curves in the following figures:
Which of the above figures represents the marginal social benefit curve for public television broadcasting in this small, rural town? Figure _______________
Suppose the marginal cost of providing public broadcasting to residents of this town is a constant $1,000 per hour, but suppose it is financed by distortionary taxation, and the marginal cost of public funds is MCF=1.20 38.
What is the efficient number of television programming hours for this small, rural town? ________________
Figure A Figure B E2 E, Expenditure on other goods ($) Expenditure on other goods ($) j KL Housing (number of rooms) Housing (number of rooms) Figure C Figure D Expenditure on other goods ($) 4 DOW Expenditure on other goods ($) um J KLM Housing (number of rooms) J K L Housing (number of rooms) Figure E Figure E E2 Expenditure on other goods ($) J KLM Housing (number of rooms) Figure A Figure B E2 E, Expenditure on other goods ($) Expenditure on other goods ($) j KL Housing (number of rooms) Housing (number of rooms) Figure C Figure D Expenditure on other goods ($) 4 DOW Expenditure on other goods ($) um J KLM Housing (number of rooms) J K L Housing (number of rooms) Figure E Figure E E2 Expenditure on other goods ($) J KLM Housing (number of rooms)Step by Step Solution
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