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Question 3, Text Exercise 3.8 HW Score: 61.82%, 6.8 of 11 points R ? L Suppose that the inverse demand curve for paper is p
Question 3, Text Exercise 3.8 HW Score: 61.82%, 6.8 of 11 points R ? L 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 MCg =Q. What is the unregulated competitive equilibrium quantity? 60 (round your answer fo the nearest integer) What is the unregulated competitive equilibrium price? $ 164 (round your answer to the nearest penny) What is the social optimum quantity? 40 (round your answer to the nearest integer) What is the social optimum price? $ 184 (round your answer fo the nearest penny) What specific tax (per unit of output or gunk) results in the social optimum? $ (round your answer to the nearest penny)
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