Homework Answers
Option A
Marginal external cost is the cost imposed on those who are not a part of market transaction and are indirectly affected. In this case the marginal cost for 3rd ton is the difference between MSC and MPC which is 125.
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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...
Price and cost (thousands of dollars per student per yees) The graph shows the demand for...
Price and cost (thousands of dollars per student per yees) The graph shows the demand for college education. The marginal cost of this education is $5,000 a year and the marginal external benefit is $1,000 per student per year. All colleges are private and the government offers vouchers to those who enroll at a college. Draw the marginal social benefit curve. Label it MSB. Draw an arrow at the efficient number of students that shows the value of the voucher...
The graph illustrates the unregulated market for pulp and paper Price (dollars per ton into a...
The graph illustrates the unregulated market for pulp and paper Price (dollars per ton into a river that runs through a small town. The marginal external cost of the dumped waste is equal to twice the marginal private cost. So the marginal social cost of producing pulp and paper is three times the marginal private cost. What is the quantity of pulp and paper produced if no one owns the river? What is the deadweight loss from pulp and paper...
Q4 (1 point). The figure below shows the marginal social benefit, marginal private cost and marginal...
Q4 (1 point). The figure below shows the marginal social benefit, marginal private cost and marginal social cost of producing steel. If the market is competitive and unregulated, how much steel will be produced? oo tons O 2 tons О 4 tons O 8 tons 250 MSC 6200 S = MC Price and cost (dollars per ton of steel) 150 100 50 o 2 D- MSB 6 8 10 Quantity (tons of steel per week) Activate Windows Go to Settings...
The graph illustrates the unregulated market for pesticide. Price (dollars per ton) 720- When the factories produce pes...
The graph illustrates the unregulated market for pesticide. Price (dollars per ton) 720- When the factories produce pesticide, they also create waste, which they dump into a lake on the outskirts of a small town. 640- 560- The marginal external cost of the dumped waste is equal to twice the marginal private cost. So the marginal social cost of producing pesticide is three times the marginal private cost. 480 400- If the residents of the town own the lake, how...
The graph shows the marginal private benefit from design school education. The marginal cost of this...
The graph shows the marginal private benefit from design school education. The marginal cost of this education is a constant $12,000 a year. The marginal external benefit from a design school education is $4,000 per student per year. Suppose the government decides to provide public design schools. Price and cost (thousands of dollars) 28- Draw the marginal cost curve. Label it MC. Draw the marginal social benefit curve. Label it MSB. Draw a line that shows the tuition that schools...
Please answer all questions The graph shows the demand curve, marginal revenue curve, and marginal cost...
Please answer all questions
The graph shows the demand curve, marginal revenue curve, and marginal cost curve of Stiff Shirt, Inc., a producer of shirts in monopolistic competition Price and cis! İdIn per shit) MC Draw a point at the firm's profit-maximizing price and quantity. Draw a vertical arrow that shows the firm's markup Draw a shape that shows the firm's economic profit. ATC Siff Shirt's markup is Sa shirt Stiff Shirt's excess capacity is Stiff Shirt's economic profit is...
The Great Pacific Tuna Cartel Price and cost (dollars per ton) MSC 300- 250 Eight small...
The Great Pacific Tuna Cartel Price and cost (dollars per ton) MSC 300- 250 Eight small Pacific islands with control of 5.5 million square miles of prime tuna fishing waters, have tripled the access fee for U.S. tuna fishers from $21 million to $63 million and increased monitoring of fishing in these waters. Source: The Wall Street Journal, March 20, 2013 Explain how the Pacific islands' action influences the efficiency of the use of tuna resources and illustrate your answer...
I need help on the graph. Price and cost (dollars per burger) The graph shows the...
I need help on the graph.
Price and cost (dollars per burger) The graph shows the demand curve, marginal revenue curve, and cost curves of Bob's Best Burgers, a firm in monopolistic competition. 5.50 Draw an arrow at the profit-maximizing quantity to show the firm's markup. @ 8 ปี Because firms (of which Bob's is one) are_ _ the burger market. _, we would expect firms to O A. making an economic profit, enter O B. incurring an economic loss,...
Graph clearly with labels as instructed please. Indicate the right answer Thank you The graph shows...
Graph clearly with labels as instructed please. Indicate the
right answer Thank you
The graph shows the demand curve, marginal revenue curve, and marginal cost curve of Big Splash, Inc., a producer of wading pools in monopolistic competition. Draw a point at the firm's profit-maximizing price and quantity. Draw a vertical arrow that shows the firm's markup. Draw a shape that shows the firm's economic profit. Price and cost (dollars per pool) MC 2804 260 ATC Big Splash's markup is...
Please graph clearly with labels and follow the instruction. Indicate the correct answer and explain why....
Please graph clearly with labels and follow the instruction.
Indicate the correct answer and explain why. Thank you!
The graph shows the demand curve, marginal revenue curve, and marginal cost curve of Walk Fit, Inc., a producer of hiking boots in monopolistic competition Draw a point at the firm's profit-maximizing price and quantity. Draw a vertical arrow that shows the firm's markup Draw a shape that shows the firm's economic profit Price and cost(dollars per pair) MC ATC Walk Fits...
Price and cost (thousands of dollars per student per yees) The graph shows the demand for college education. The marginal cost of this education is $5,000 a year and the marginal external benefit is $1,000 per student per year. All colleges are private and the government offers vouchers to those who enroll at a college. Draw the marginal social benefit curve. Label it MSB. Draw an arrow at the efficient number of students that shows the value of the voucher...
The graph illustrates the unregulated market for pulp and paper Price (dollars per ton into a river that runs through a small town. The marginal external cost of the dumped waste is equal to twice the marginal private cost. So the marginal social cost of producing pulp and paper is three times the marginal private cost. What is the quantity of pulp and paper produced if no one owns the river? What is the deadweight loss from pulp and paper...
Q4 (1 point). The figure below shows the marginal social benefit, marginal private cost and marginal social cost of producing steel. If the market is competitive and unregulated, how much steel will be produced? oo tons O 2 tons О 4 tons O 8 tons 250 MSC 6200 S = MC Price and cost (dollars per ton of steel) 150 100 50 o 2 D- MSB 6 8 10 Quantity (tons of steel per week) Activate Windows Go to Settings...
The graph illustrates the unregulated market for pesticide. Price (dollars per ton) 720- When the factories produce pesticide, they also create waste, which they dump into a lake on the outskirts of a small town. 640- 560- The marginal external cost of the dumped waste is equal to twice the marginal private cost. So the marginal social cost of producing pesticide is three times the marginal private cost. 480 400- If the residents of the town own the lake, how...
The graph shows the marginal private benefit from design school education. The marginal cost of this education is a constant $12,000 a year. The marginal external benefit from a design school education is $4,000 per student per year. Suppose the government decides to provide public design schools. Price and cost (thousands of dollars) 28- Draw the marginal cost curve. Label it MC. Draw the marginal social benefit curve. Label it MSB. Draw a line that shows the tuition that schools...
Please answer all questions
The graph shows the demand curve, marginal revenue curve, and marginal cost curve of Stiff Shirt, Inc., a producer of shirts in monopolistic competition Price and cis! İdIn per shit) MC Draw a point at the firm's profit-maximizing price and quantity. Draw a vertical arrow that shows the firm's markup Draw a shape that shows the firm's economic profit. ATC Siff Shirt's markup is Sa shirt Stiff Shirt's excess capacity is Stiff Shirt's economic profit is...
The Great Pacific Tuna Cartel Price and cost (dollars per ton) MSC 300- 250 Eight small Pacific islands with control of 5.5 million square miles of prime tuna fishing waters, have tripled the access fee for U.S. tuna fishers from $21 million to $63 million and increased monitoring of fishing in these waters. Source: The Wall Street Journal, March 20, 2013 Explain how the Pacific islands' action influences the efficiency of the use of tuna resources and illustrate your answer...
I need help on the graph.
Price and cost (dollars per burger) The graph shows the demand curve, marginal revenue curve, and cost curves of Bob's Best Burgers, a firm in monopolistic competition. 5.50 Draw an arrow at the profit-maximizing quantity to show the firm's markup. @ 8 ปี Because firms (of which Bob's is one) are_ _ the burger market. _, we would expect firms to O A. making an economic profit, enter O B. incurring an economic loss,...
Graph clearly with labels as instructed please. Indicate the
right answer Thank you
The graph shows the demand curve, marginal revenue curve, and marginal cost curve of Big Splash, Inc., a producer of wading pools in monopolistic competition. Draw a point at the firm's profit-maximizing price and quantity. Draw a vertical arrow that shows the firm's markup. Draw a shape that shows the firm's economic profit. Price and cost (dollars per pool) MC 2804 260 ATC Big Splash's markup is...
Please graph clearly with labels and follow the instruction.
Indicate the correct answer and explain why. Thank you!
The graph shows the demand curve, marginal revenue curve, and marginal cost curve of Walk Fit, Inc., a producer of hiking boots in monopolistic competition Draw a point at the firm's profit-maximizing price and quantity. Draw a vertical arrow that shows the firm's markup Draw a shape that shows the firm's economic profit Price and cost(dollars per pair) MC ATC Walk Fits...
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