Homework Answers
The graph illustrates the unregulated market for pesticide.
When the factories produce pesticide, they also create waste, which they dump into a lake on the outskirts of 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 pesticide is three times the marginal private cost.
If the residents of the town own the lake, how much pesticide is produced each week? How much do the factories pay the residents of the town for each ton?
If the residents of the town own the lake, the quantity ofpesticide produced is 120 (It is because market demand is equal to market supply at this level of quantity) tons a week.
The factories pay $ 240 a ton to the residents of the town.
Add Answer to:
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 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...
PRICE (Dollars per ton of paper) Consider the market for paper. Suppose that a paper factory...
PRICE (Dollars per ton of paper) Consider the market for paper. Suppose that a paper factory dumps toxic waste into a nearby river, creating a negative externality for those living downstream from the factory. Producing an additional ton of paper imposes a constant external cost of $450 per ton. The following graph shows the demand (private value) curve and the supply (private cost) curve for paper. Use the purple points (diamond symbol) to plot the social cost curve when the...
Suppose the figure to the right illustrates the market for toilet paper, where S, represents the...
Suppose the figure to the right illustrates the market for toilet paper, where S, represents the marginal private cost of production and D, represents the marginal private benefit from consumption Companies that produce toilet paper bleach the paper to make it white. Some paper plants discharge the bleach into rivers and Lakes, causing substantial environmental damage. Assume that Sy represents the marginal social cost of producing toilet paper incorporating the externality). What could the government de to internalize the externality?...
Suppose the figure to the right illustrates the market for toilet paper, where S, represents the...
Suppose the figure to the right illustrates the market for toilet paper, where S, represents the marginal private cost of production and D, represents the marginal private benefit from consumption Companies that produce toilet paper bleach the paper to make it white. Some paper plants discharge the bleach into rivers and Lakes, causing substantial environmental damage. Assume that Sy represents the marginal social cost of producing toilet paper incorporating the externality). What could the government de to internalize the externality?...
Imagine a small town in which only two residents, Celia and Venya, own wells that produce...
Imagine a small town in which only two residents, Celia and Venya, own wells that produce safe drinking water. Each week Celia and Venya work together to decide how many gallons of water to pump. They bring the water to town and sell it at whatever price the market will bear. To keep things simple, suppose that Celia and Venya can pump as much water as they want without cost so that the marginal cost of water equals zero. The...
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...
Click the icon with Use the information on the kumquat market in the following table to answer the questions, (Qua...
Click the icon with Use the information on the kumquat market in the following table to answer the questions, (Quantities are given in millions of crates per year) Graph Quantity Supplied Pulce Quantity (Per Crate) Demanded 120 110 60 15 100 fadebook Score 20 100 SO 30 100 25 10 220 Jee score bran See score By Bee score The equilibrium price is and the equilibrium quantity is in crates (Enter your responses as integers) How much revenue de kumquat...
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...
PRICE (Dollars per ton of paper) Consider the market for paper. Suppose that a paper factory dumps toxic waste into a nearby river, creating a negative externality for those living downstream from the factory. Producing an additional ton of paper imposes a constant external cost of $450 per ton. The following graph shows the demand (private value) curve and the supply (private cost) curve for paper. Use the purple points (diamond symbol) to plot the social cost curve when the...
Suppose the figure to the right illustrates the market for toilet paper, where S, represents the marginal private cost of production and D, represents the marginal private benefit from consumption Companies that produce toilet paper bleach the paper to make it white. Some paper plants discharge the bleach into rivers and Lakes, causing substantial environmental damage. Assume that Sy represents the marginal social cost of producing toilet paper incorporating the externality). What could the government de to internalize the externality?...
Suppose the figure to the right illustrates the market for toilet paper, where S, represents the marginal private cost of production and D, represents the marginal private benefit from consumption Companies that produce toilet paper bleach the paper to make it white. Some paper plants discharge the bleach into rivers and Lakes, causing substantial environmental damage. Assume that Sy represents the marginal social cost of producing toilet paper incorporating the externality). What could the government de to internalize the externality?...
Imagine a small town in which only two residents, Celia and Venya, own wells that produce safe drinking water. Each week Celia and Venya work together to decide how many gallons of water to pump. They bring the water to town and sell it at whatever price the market will bear. To keep things simple, suppose that Celia and Venya can pump as much water as they want without cost so that the marginal cost of water equals zero. The...
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...
Click the icon with Use the information on the kumquat market in the following table to answer the questions, (Quantities are given in millions of crates per year) Graph Quantity Supplied Pulce Quantity (Per Crate) Demanded 120 110 60 15 100 fadebook Score 20 100 SO 30 100 25 10 220 Jee score bran See score By Bee score The equilibrium price is and the equilibrium quantity is in crates (Enter your responses as integers) How much revenue de kumquat...
Most questions answered within 3 hours.
-
A coach uses a new technique to train gymnasts. Seven
gymnasts were randomly selected and their...
asked 1 hour ago -
While rotating the tires on your car you notice a rock [mass =
0.1 Kg] stuck...
asked 3 hours ago -
Using MARS simulator, write MIPS programs according to
the following scenarios: Receive a positive integer number...
asked 5 hours ago -
An object in front of a concave mirror has a real image that is
11.5 cm...
asked 5 hours ago -
Consider the reaction, C3 H8 + O2 --> CO2 + H2O. How many
moles of O2...
asked 7 hours ago -
You and your opponent both roll a fair die. If you both roll the
same number,...
asked 7 hours ago -
In a study of the accuracy of fast food drive-through orders,
Restaurant A had 257 accurate...
asked 7 hours ago -
Identify and describe in detail the four categories of
institutions that could be included in a...
asked 7 hours ago -
In python
class Customer:
def __init__(self, customer_id, last_name, first_name, phone_number, address):
self._customer_id = int(customer_id)
self._last_name =...
asked 7 hours ago -
What is an example of a limitation in implementing a new
ERP system and how it...
asked 7 hours ago -
In a section of 9.7cm of an artery with a radius of 2.6mm there
is a...
asked 7 hours ago -
the two carboxylic acid groups of aspartic acid have different
acidities with pKa values of 2.1...
asked 7 hours ago