A firm produces microwaves for $90 each, including external costs of $14 per unit. A new production technology reduces pollution, so the external costs decrease to $7 per unit. The quantity supplied increases, and the firm's private costs of production decrease by $9. What is the price of a microwave after the firm starts using the new technology? Write the exact answer. Do not round.
A firm produces microwaves for $90 each, including external costs of $14 per unit. A new production technology reduces pollution, so the external costs decrease to $7 per unit. The quantity supplied increases, and the firm's private costs of production decrease by $9. What is the price of a microwave after the firm starts using the new technology? Write the exact answer. Do not round.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter12: Environmental Protection And Negative Externalities
Section: Chapter Questions
Problem 8SCQ: Four films called Elm, Maple, Oak, and (Shelly, produce wooden chairs. However, they also produce a...
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![A firm produces microwaves for $90 each, including external costs of $14 per unit. A new production technology
reduces pollution, so the external costs decrease to $7 per unit. The quantity supplied increases, and the firm's
private costs of production decrease by $9.
What is the price of a microwave after the firm starts using the new technology? Write the exact answer. Do not
round.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdf23e65c-60e0-4c5a-84db-c468e53642ba%2Fa4dcc6f2-54a4-4245-8023-bd200ebf8c16%2Fumwwwh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A firm produces microwaves for $90 each, including external costs of $14 per unit. A new production technology
reduces pollution, so the external costs decrease to $7 per unit. The quantity supplied increases, and the firm's
private costs of production decrease by $9.
What is the price of a microwave after the firm starts using the new technology? Write the exact answer. Do not
round.
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