O*8O(924-20-16-Price and cost (cents per kilowatt)12-8-4-0-0100S=MC)0D200300 400Quantity (kilowatts per day)>>> Draw only the objects specified in the question.500600=QNextUS 5:01backspace The graph shows the unregulated market for electricity.The marginal external cost of the pollution created is equal to the marginal private cost of producing electricity at every quantity ofelectricity produced.Draw a point to show the marginal social cost when production is 500 kilowatts per day. Label it 1.Draw the marginal social cost curve. Label it MSC.abDraw a point to show the quantity of electricity produced with no pollution control and the marginal social cost of the electricitygenerated. Label it 2.Draw a shape to show the deadweight loss with no pollution control. Label it DWL.The deadweight loss created by the pollution is $>>> Remember that the price given on the y-axis in cents but you must answer in dollars.escqa@2WS#3сed$465.114tOll6O&7Y20

Marginal cost alludes to the increment or diminishing in the cost of producing another unit or…

Answered: 24- 20- Price and cost (cents per…

Business

Economics

24- 20- Price and cost (cents per kilowatt) 16- 12- 8- S=MC Q

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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