Question
The equations below describe a negative production externality Demand DD + 80 pounds - 0.6 * Q. MPC is 20 pounds,MSC = 20+0.2 * Q
The equations below describe a negative production externality Demand DD + 80 pounds - 0.6 * Q. MPC is 20 pounds,MSC = 20+0.2 * Q
Social costs of this externality is equal to ?
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Clifford W. Smith Jr., Jerold Zimmerman
6th edition
73523143, 73523149, 978-0073523149
