Question 2 is just giving instructions for question 3 which is what I need help on. thanks. 2. A frequently overlooked source of pollution in agricultural industries is "odor pollution." Someanimals, such as pigs, do not care as much about hygiene as humans and emit an unpleasantodor as a result. For this reason, pig farming can cause a negative externality for those who livenear a pig farm.Consider the competitive market for bacon given below. The social marginal benefit ofproducing a pound of bacon is the private marginal benefit, given by the demand curve. Theprivate marginal cost of producing a pound of bacon is the supply curve.PriceSupply = PMC%3D$10$9$8$7$6$5$4$3Demand = PMB = SMB%3D%3D$2$140008000 12,000 16,000 20,000 24,000 28,000 32,000 36,000 40,000Pounds of Bacon 3. Please finish filling in the table of costs at each quantity.QuantityFCVCTCMCAFCAVCATC240124020224050240854240125240170

The Total Cost is the actual cost of producing a certain amount of production. In other words, the…

Answered: 3. Please finish filling in the table…

3. Please finish filling in the table of costs at each quantity. Quantity FC VC TC MC AFC AVC ATC 240 1 240 20 2 240 50 3 240 85 4 240 125 240 170

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question 2 is just giving instructions for question 3 which is what I need help on. thanks.

2. A frequently overlooked source of pollution in agricultural industries is "odor pollution." Some
animals, such as pigs, do not care as much about hygiene as humans and emit an unpleasant
odor as a result. For this reason, pig farming can cause a negative externality for those who live
near a pig farm.
Consider the competitive market for bacon given below. The social marginal benefit of
producing a pound of bacon is the private marginal benefit, given by the demand curve. The
private marginal cost of producing a pound of bacon is the supply curve.
Price
Supply = PMC
%3D
$10
$9
$8
$7
$6
$5
$4
$3
Demand = PMB = SMB
%3D
%3D
$2
$1
4000
8000 12,000 16,000 20,000 24,000 28,000 32,000 36,000 40,000
Pounds of Bacon

3. Please finish filling in the table of costs at each quantity.
Quantity
FC
VC
TC
MC
AFC
AVC
ATC
240
1
240
20
2
240
50
240
85
4
240
125
240
170

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