Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 21, 2024

The equations below describe a negative production externality (TO ANSWER THIS QUESTION YOU HAVE TO DRAW ): Demand, MSB: P = 180 0.6Q Marginal private

The equations below describe a negative production externality (TO ANSWER THIS QUESTION YOU HAVE TO DRAW ):

Demand, MSB: P = 180 0.6Q

Marginal private cost: MPC = 120

Marginal social cost: MSC = 120 + 0.2Q

Calculate and interpret :

1. MEC (marginal external cost) function

2. Competitive output and Price

3. Socially optimal production and Price

4. The social cost of this externality. How to increase the efficiency?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

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

Essentials Of Applied Econometrics

Authors: Aaron D Smith, J Edward Taylor

1st Edition

0520288335, 9780520288331

More Books

Students also viewed these Economics questions

Question

★★★★★

What is a discrete probability distribution? What are the two conditions that a discrete probability distribution must satisfy?

Answered: 1 week ago

Question

★★★★★

Please help me correct these questions On November 10, 2023, Singh Electronics began to buy and resell scanners for $62 each. Singh uses the perpetual system to account for inventories. The scanners...

Answered: 1 week ago

Question

★★★★★

Model the RL-circuit in Fig. 66. Find a general solution when R, L, E are any constants. Graph or sketch solutions when L = 0.25 H, R = 10 , and E = 48 V.

Answered: 1 week ago

Question

★★★★★

Presto Corp. has collected the following data concerning its maintenance costs for the past 6 months. Compute the variable and fixed cost elements using the high-lowmethod. July August September...

Answered: 1 week ago

Question

★★★★★

The equations below describe a negative production externality (TO ANSWER THIS QUESTION YOU HAVE TO DRAW ): Demand, MSB: P = 180 0.6Q Marginal private cost: MPC = 120 Marginal social cost: MSC = 120...

Answered: 1 week ago

Question

★★★★★

1. Discuss any three key differences between H&M and Uniqlo's business models. Provide valid facts to support your answer (9 marks). 2. Discuss the reasons why Uniqlo has not been able to expand on...

Answered: 1 week ago

Question

★★★★★

Accounting for Gift Cards Assume Ikeo Inc. sold $160,000 of gift cards during the last two weeks of December 2020. No gift cards were redeemed in 2020, while $144,000 of the gift cards were redeemed...

Answered: 1 week ago

Question

★★★★★

Continue Mini Case 1 (the Accounting Cycle Part 1), the following information is available for FastForward in September that may need adjustments.1 1. By the end of September, FastForward has...

Answered: 1 week ago

Question

★★★★★

A water molecule is shown below. Both hydrogen atoms are the same distance from the oxygen atom and are in the x-y plane. Choose the origin to be the center of the oxygen atom, the + x direction to...

Answered: 1 week ago

Question

★★★★★

Leon, age 45, is an active participant in his employer's defined benefit retirement plan, but he would also like to make a deductible contribution to a traditional IRA this year. Leon is married,...

Answered: 1 week ago

Question

★★★★★

Practice Problems 4. If the projection Pa and component Fb of the force F along oblique axes a and b are both 325 N, determine the magnitude F and the orientation 0 of the b-axis. F=424 N.0 17.95 75%...

Answered: 1 week ago

Question

★★★★★

1. Identify three communication approaches to identity.

Answered: 1 week ago

Question

★★★★★

d. Who are important leaders and heroes of the group?

Answered: 1 week ago

Question

★★★★★

3. Describe phases of minority identity development.

Answered: 1 week ago

Previous Question Next Question