Suppose the Total Spillover Cost of producing aluminum was given by: TSPC = 20q+q².Suppose the Supply function of aluminum was given by: Qs = 2P- 60.Find the Marginal Social Cost function and fill in the missing information below.MSC = 50 +Q(Round to the nearest two decimal places if necessary.)Check

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Find the Marginal Social Cost function and fill in the missing information below. Q MSC = 50 +

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

Suppose the Total Spillover Cost of producing aluminum was given by: TSPC = 20q+q².
Suppose the Supply function of aluminum was given by: Qs = 2P- 60.
Find the Marginal Social Cost function and fill in the missing information below.
MSC = 50 +
Q
(Round to the nearest two decimal places if necessary.)
Check

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