Table of Japanese beetle spraying: Gallons per Year MPB $ MEB $ 20 30 10 30...

Question

Question

Table of Japanese beetle spraying:

Suppose the price of spray is $33.

What is the socially optimal output?

Answer 1

Answer #1

Ans: 30

Explanation:

The socially optimal output is where Price of spray = MSB. From the table it is seen that Price of spray = MSB = $33 when output level is 30.

Answer 2

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