Solve step by step and I just want d The robot factory is situated next to a dormitory for nurses who work night shifts. The production process is rather noisy, and the nurses often complain that their sleep is disturbed. The following graph depicts the marginalprivate cost (MPC) and marginal social cost (MSC) of the robot factory production.S900Marginalsocial cotS00S600$500Marginal-private cost$400PriceS300S200S100O 10.000 20000 s0000 40.0o s0.000 s0.000 20.000 0.000 so.000 100.000a uantity of robots per monthYou will not be given credit unless you provide a detailed explanation for the following questions!a)Are there externalities in this market? How can you tell?b)Suppose that the factory does not take into account the costs imposed on nurses. At which point the factory maximizes its profits? Explain why.c)Now suppose that a single firm owned BOTH the robot factory and the dormitory. At which point the factory maximizes its profits? Explain why.d)At which point the number of robots produced is Pareto efficient? Explain.

Marginal cost occurs when an additional unit of input is used to produce an extra output unit. The…

Answered: I just want d

Business

Economics

I just want d

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

Solve step by step and I just want d

The robot factory is situated next to a dormitory for nurses who work night shifts. The production process is rather noisy, and the nurses often complain that their sleep is disturbed. The following graph depicts the marginal
private cost (MPC) and marginal social cost (MSC) of the robot factory production.
S900
Marginal
social cot
S00
S600
$500
Marginal
-private cost
$400
Price
S300
S200
S100
O 10.000 20000 s0000 40.0o s0.000 s0.000 20.000 0.000 so.000 100.000
a uantity of robots per month
You will not be given credit unless you provide a detailed explanation for the following questions!
a)
Are there externalities in this market? How can you tell?
b)
Suppose that the factory does not take into account the costs imposed on nurses. At which point the factory maximizes its profits? Explain why.
c)
Now suppose that a single firm owned BOTH the robot factory and the dormitory. At which point the factory maximizes its profits? Explain why.
d)
At which point the number of robots produced is Pareto efficient? Explain.

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