(Figure: Market 3) Use the graph to answer the question. Marginal social Price cost Supply $6 $5 Demand 8 12 16 20 24 Quantity The graph shows the marginal social cost, demand, and supply curves in the cinnamon roll market. A corrective tax of_ per unit will move the cinnamon roll market to the socially optimal output of_ units.

(Figure: Market 3) Use the graph to answer the question. Marginal social Price cost Supply $6 $5 Demand 8 12 16 20 24 Quantity The graph shows the marginal social cost, demand, and supply curves in the cinnamon roll market. A corrective tax of_ per unit will move the cinnamon roll market to the socially optimal output of_ units.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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