O ECON 2100 OL HW12 - Compatibility ModeSaved to my MacHomeInsertDrawDesignLayoutReferencesMailingsReviewViewShareO Commentsv A^ A^Аa vE v E v E vTimes New...12AaBbCcDdEeAaBbCcDdEeAaBbCcDc AaBbCcDdE AaBbCcDcAaBbCcDdEeAaBbCcDdEe>AAE = = =Subtle Emph...StylesPaneSensitivityPasteВUv ab X,NormalNo SpacingHeading 1Heading 2TitleSubtitleEcon 2100HW 12Chapter 121. Use the data in the table to answer the following questions:Marginal PrivateQuantity Benefit (demand) ($) Cost (supply) ($)MarginalSocial Cost ($)Marginal Private$ 0$ 01$102429.3538.46.475756.6.8.6.579.748.108.39.11210121011113a. What is the external cost per unit of production?b. What level is produced if there is no correction of the externality?c. What level should be produced to achieve economic efficiency?d. If a per unit sales tax is introduced, what should the dollar value of the tax be to move the marketoutcome to the socially desirable output and price?2. Show the market for cigarettes in equilibrium, assuming that there are no laws banning smoking inPage 1 of 2810 wordsEnglish (United States)E3 Focus目晶225%

a. The external cost is the cost incurred by society when the individual makes the process of…

1. Use the data in the table to answer the following questions: Marginal Private Quantity Benefit (demand) (S) Cost (supply) ($) Marginal Private Marginal Social Cost ($) $ 0 $ 0 1 $10 4 9 3 3 8 4 6. 4 7 5 7 5 6. 6 7 7 4 8 10 8 3 9. 11 9 2 10 12 10 1 11 13 a. What is the external cost per unit of production? b. What level is produced if there is no correction of the externality? c. What level should be produced to achieve economic efficiency? d. If a per unit sales tax is introduced, what should the dollar value of the tax be to move the market outcome to the socially desirable output and price?

1. Use the data in the table to answer the following questions: Marginal Private Quantity Benefit (demand) (S) Cost (supply) ($) Marginal Private Marginal Social Cost ($) $ 0 $ 0 1 $10 4 9 3 3 8 4 6. 4 7 5 7 5 6. 6 7 7 4 8 10 8 3 9. 11 9 2 10 12 10 1 11 13 a. What is the external cost per unit of production? b. What level is produced if there is no correction of the externality? c. What level should be produced to achieve economic efficiency? d. If a per unit sales tax is introduced, what should the dollar value of the tax be to move the market outcome to the socially desirable output and price?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

ChapterA: The Use Of Mathematics In Principles Of Economics

Section: Chapter Questions

Problem 3RQ: Exercise A3 What dome slices of a pie chart represent?

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Set up the objective function and the constraints, but do not solve. Wison Electronics produces a standard Blu-ray player and a deluxe Blu-ray player. The comoany has 2900 hours ef isbor and 18,000 in aperatng espenses availanle each week It takes b5 hours to produce a standard Blu-ray player and 6 hours to preduce a deluxe Blu-ray player Each standard u-ray player casta 15, and each deluxe Biu-ray player costs SI36 The company is requred to produce at least 25 standard Blu-ray players. The company makes a profit of $32 for each standard u-ray plaver and $26 for each delue Blu-ray playen How many of esch type of Blu-ray plarer should be preduced to masimie profe? (Let represent the number of standard Blu-ray players, y the number of deluve Bla-ray piayers, and z the prot in dolars) Maxinie sutject to labor operating expense required standard Bu-ray players v20
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O Announcements- 2021 Spring x A Question 28 - Exam l- Connec X A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/questi. * ! Apps G Gmail O YouTube O Maps R Paus Exam II A Saved Help Save & Exit Submit 28 A nation's real GDP was $300 billion in Year 1 and $309 billion in Year 2. Its population was 120 million in Year 1 and 125 million in Year 2. What is its real GDP growth rate in Year 2? 8 00:48:46 Multiple Choice 3 percent 2.1 percent 7 percent 9 percent Mc Graw Hill 80 esc esc F7 F2 F3 @ $ & 2 3 4 5 6 8 Q W E T Y P A S D F K く > C V N M. B
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