Question 33 (1 point) Refer to the graph. The cost to people other than suppliers (i.e....
Question 33 (1 point)
Refer to the graph. The cost to people other than suppliers (i.e. the externality) of producing the 2600th unit of output is (roughly):
Question 33 options:
|
$1.00 |
|
|
$2.50 |
|
|
$3.50 |
|
|
$5.00 |
Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
Question 33 (1 point)
Refer to the graph. The cost to people other than
suppliers (i.e....
Please explain how I know MPC and MSC Question 7 (1 point) Saved Price marginal social...
Please explain how I know MPC and MSC
Question 7 (1 point) Saved Price marginal social cost Smarginal private cost D= marginal social benefit * 1500 2000 2600 3100 Quantity Refer to the graph. The cost to people other than suppliers (i.e. the externality) of producing the 2600th unit of output is (roughly): $1.00 $2.50 $3.50 $5.00
Question 7 (1 point) Price of taxi ride $4 60 80 Quantity of taxi rides Refer...
Question 7 (1 point) Price of taxi ride $4 60 80 Quantity of taxi rides Refer to the above diagram. If the price of a taxi ride increases from $6 to $8, producer surplus for this taxi driver will (rise, fall) by Include the $ sign and separate your two answers only with a comma and no space. For example, if your answer is" fall by $60.50, show this as fall,$60.50. If your answer is Eighty dollars, show this as...
Question 1 (1 point) $5.00 4.5아 4.00 3.50 3.00 2.50 2.00 1.50- 1.00 0.50 0 1...
Question 1 (1 point) $5.00 4.5아 4.00 3.50 3.00 2.50 2.00 1.50- 1.00 0.50 0 1 2 3 4 5 6 7 8 9 10 Quantity of Potato Chips r bag) Refer to the above diagram. This buyer's marginal willingness to pay for the 7th bag of potato chips is(include the dollar sign and 2 decimal places in your answer) Question 2 (1 point) Suppose there are only two firms in the market for a certain good. Firm 1's marginal...
Question 28 (1 point) Quantity of Masks 1 2 3 4 5 Marginal Cost $0.50 $1.00...
Question 28 (1 point) Quantity of Masks 1 2 3 4 5 Marginal Cost $0.50 $1.00 $1.50 $2.00 $2.50 The above table shows the marginal cost of producing different quantities of masks for Mako's mask business. What is Mako's average variable cost of producing 4 masks? $1.00 $1.25 $0.50 $0.75
Question 28 (1 point) Quantity of Masks 1 2 3 4 5 Marginal Cost $0.50 $1.00...
Question 28 (1 point) Quantity of Masks 1 2 3 4 5 Marginal Cost $0.50 $1.00 $1.50 $2.00 $2.50 The above table shows the marginal cost of producing different quantities of masks for Mako's mask business. What is Mako's average variable cost of producing 4 masks? $1.00 $1.25 $0.50 $0.75
The graph shows the marginal costs of chemical production. Cost (dollars per ton) Draw an arrow to show the marginal external cost of producing the 3rd ton of chemicals in a week. cost is the cost of...
The graph shows the marginal costs of chemical production. Cost (dollars per ton) Draw an arrow to show the marginal external cost of producing the 3rd ton of chemicals in a week. cost is the cost of producing an additional unit of a good O A. that falls on people other than the producer of the good O B. that is borne by the buyer of the good that falls on the entire society C, O D. that is borne...
rige of 5. total revenge equals: 29. Refer to Figure 7-1. With reference to Graph B....
rige of 5. total revenge equals: 29. Refer to Figure 7-1. With reference to Graph B. a A) S150. B) $250. C) $300. D) $200. 30. A monopolist is able to maximize its profits by A) setting the price at the level that will maximize its per-unit profit B) producing output where MRMC and charging price along the demand curve. C) setting output at MR-MC and setting price at the demand curve's highest point D) producing maximum output where price...
Question Six (worth ten points) Refer to Graph Two in answering the parts of this question....
Question Six (worth ten points) Refer to Graph Two in answering the parts of this question. Assume that initially we are at equilibrium at point M and that the cost to each firm of producing a unit of the good goes down by $15 per unit. This shifts the supply curve to the right. (a) How much did supply go up (measured in units of the good)? There is an excess supply at the price of $50. This excess demand,...
Question 12 (1 point) One study indicated that the biggest intervention people could make toward reducing...
Question 12 (1 point) One study indicated that the biggest intervention people could make toward reducing their carbon footprints would be to eat less red meat (due to GHG emissions from raising animals such as cattle). Suppose the external cost of producing one pound of hamburger meat is equal to $1. Given the information in the diagram below, compute the reduction in total social benefit from reducing output of hamburger meat from the market equilibrium quantity to the socially-efficient quantity...
number 16 and 17 MC ATC -MR Cost B A Output Refer to the accompanying graph...
number 16 and 17
MC ATC -MR Cost B A Output Refer to the accompanying graph for a purely competitive firm. When the firm is in equilibrium in the short run, the amount of economic profit per unit is DH DE. EH. DB. Question 17 1.8 pts A purely competitive firm will be willing to produce even at a loss in the short run, as long as the loss is smaller than its marginal costs. price exceeds marginal costs. the...
Please explain how I know MPC and MSC
Question 7 (1 point) Saved Price marginal social cost Smarginal private cost D= marginal social benefit * 1500 2000 2600 3100 Quantity Refer to the graph. The cost to people other than suppliers (i.e. the externality) of producing the 2600th unit of output is (roughly): $1.00 $2.50 $3.50 $5.00
Question 7 (1 point) Price of taxi ride $4 60 80 Quantity of taxi rides Refer to the above diagram. If the price of a taxi ride increases from $6 to $8, producer surplus for this taxi driver will (rise, fall) by Include the $ sign and separate your two answers only with a comma and no space. For example, if your answer is" fall by $60.50, show this as fall,$60.50. If your answer is Eighty dollars, show this as...
Question 1 (1 point) $5.00 4.5아 4.00 3.50 3.00 2.50 2.00 1.50- 1.00 0.50 0 1 2 3 4 5 6 7 8 9 10 Quantity of Potato Chips r bag) Refer to the above diagram. This buyer's marginal willingness to pay for the 7th bag of potato chips is(include the dollar sign and 2 decimal places in your answer) Question 2 (1 point) Suppose there are only two firms in the market for a certain good. Firm 1's marginal...
Question 28 (1 point) Quantity of Masks 1 2 3 4 5 Marginal Cost $0.50 $1.00 $1.50 $2.00 $2.50 The above table shows the marginal cost of producing different quantities of masks for Mako's mask business. What is Mako's average variable cost of producing 4 masks? $1.00 $1.25 $0.50 $0.75
Question 28 (1 point) Quantity of Masks 1 2 3 4 5 Marginal Cost $0.50 $1.00 $1.50 $2.00 $2.50 The above table shows the marginal cost of producing different quantities of masks for Mako's mask business. What is Mako's average variable cost of producing 4 masks? $1.00 $1.25 $0.50 $0.75
The graph shows the marginal costs of chemical production. Cost (dollars per ton) Draw an arrow to show the marginal external cost of producing the 3rd ton of chemicals in a week. cost is the cost of producing an additional unit of a good O A. that falls on people other than the producer of the good O B. that is borne by the buyer of the good that falls on the entire society C, O D. that is borne...
rige of 5. total revenge equals: 29. Refer to Figure 7-1. With reference to Graph B. a A) S150. B) $250. C) $300. D) $200. 30. A monopolist is able to maximize its profits by A) setting the price at the level that will maximize its per-unit profit B) producing output where MRMC and charging price along the demand curve. C) setting output at MR-MC and setting price at the demand curve's highest point D) producing maximum output where price...
Question Six (worth ten points) Refer to Graph Two in answering the parts of this question. Assume that initially we are at equilibrium at point M and that the cost to each firm of producing a unit of the good goes down by $15 per unit. This shifts the supply curve to the right. (a) How much did supply go up (measured in units of the good)? There is an excess supply at the price of $50. This excess demand,...
Question 12 (1 point) One study indicated that the biggest intervention people could make toward reducing their carbon footprints would be to eat less red meat (due to GHG emissions from raising animals such as cattle). Suppose the external cost of producing one pound of hamburger meat is equal to $1. Given the information in the diagram below, compute the reduction in total social benefit from reducing output of hamburger meat from the market equilibrium quantity to the socially-efficient quantity...
number 16 and 17
MC ATC -MR Cost B A Output Refer to the accompanying graph for a purely competitive firm. When the firm is in equilibrium in the short run, the amount of economic profit per unit is DH DE. EH. DB. Question 17 1.8 pts A purely competitive firm will be willing to produce even at a loss in the short run, as long as the loss is smaller than its marginal costs. price exceeds marginal costs. the...
Most questions answered within 3 hours.
-
Work out a care plan for Rex to help her better manage
her medical conditions. Provide...
asked 1 minute ago -
The historical returns on a balanced portfolio have had an
average return of 11% and a...
asked 5 minutes ago -
Sulfuric acid (250.0mL) is titrated with 176.5 mL 2.4 M NaOH to
an equivalence point (the...
asked 17 minutes ago -
The quality control manager of a cookie company is inspecting a
batch of chocolate-chip cookies that...
asked 19 minutes ago -
How can we identify what the horizontal force is when looking at
a merry go round?...
asked 51 minutes ago -
While Dime Community Bank is based in Brooklyn; management has
decided to focus its lending activity...
asked 1 hour ago -
1) Earnings functions, whereby the log of earnings is regressed
on years of education, years of...
asked 50 minutes ago -
Bruno Corporation is involved in the business of injection
molding of plastics. It is considering the...
asked 55 minutes ago -
What would be the vapor pressure of water at 96°C above a
solution made by dissolving...
asked 1 hour ago -
Hydration of norbornene
Write the reaction. Discuss the intermediate. Explain how the
equilibrium in the reaction...
asked 1 hour ago -
Suppose that a party wanted to enter an FRA that expires in 42
days and is...
asked 1 hour ago -
ABC Ltd. estimated that a new store requires an initial
investment of $800,000. This new store...
asked 1 hour ago