Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. Suppose that Joe and Jill are the only two people in the smalltown of Andover. Andover has land available to build a park ofno more than 9 acres. Joe and Jill's demand schedules for thepark (and the supply schedule) are as follows:NumberofAcres012345678Joe'sDemand(PricePer Acre)201816141210864Jill'sDemand(PricePer Acre)1098765432Supply(PricePer Acre)101112131415161718191.) Use the line drawing tool to draw a graph showing themarginal social cost curve and the marginal social benefit curvefor the park. Properly label this line.2.) Use the point drawing tool to plot a point that shows theoptimal size park. Properly label this point.Price per acre40-2232322NNRPRIN38-36-34-30-28-26-24-20-18-16-14-12-1086-4-2-04 5 6 7 8Quantity (number of acres)9 10 11 12

MSB is the total benefit received by society as a whole for producing each additional unit of the…

pose Joe and Jill are the only two people in the small town of Andover. Andover has land available to build a park of no more than 9 acres. Joe and Jill's demand schedules for the park (and the supply schedule) are as follows: Number of Acres 0 1 2 3 4 5 6 7 8 Joe's Demand (Price Per Acre) 20 18 16 14 12 10 8 6 4 2 Jill's Demand (Price Per Acre) 10 9 8 7 6 5 4 3 2 1 Supply (Price Per Acre) 10 11 12 13 14 15 16 17 18 19 1.) Use the line drawing tool to draw a graph showing the marginal social cost curve and the marginal social benefit curve for the park. Properly label this line. 2.) Use the point drawing tool to plot a point that shows the optimal size park. Properly label this point. Price per acre 40- 38- 36- 34- 32- 30- w跳花420旧低科20 28- 26- 18- 16- 14- 12- 10- 8 6- 4- 2- 0 5 6 7 8 9 10 11 12 Quantity (number of acres)

pose Joe and Jill are the only two people in the small town of Andover. Andover has land available to build a park of no more than 9 acres. Joe and Jill's demand schedules for the park (and the supply schedule) are as follows: Number of Acres 0 1 2 3 4 5 6 7 8 Joe's Demand (Price Per Acre) 20 18 16 14 12 10 8 6 4 2 Jill's Demand (Price Per Acre) 10 9 8 7 6 5 4 3 2 1 Supply (Price Per Acre) 10 11 12 13 14 15 16 17 18 19 1.) Use the line drawing tool to draw a graph showing the marginal social cost curve and the marginal social benefit curve for the park. Properly label this line. 2.) Use the point drawing tool to plot a point that shows the optimal size park. Properly label this point. Price per acre 40- 38- 36- 34- 32- 30- w跳花420旧低科20 28- 26- 18- 16- 14- 12- 10- 8 6- 4- 2- 0 5 6 7 8 9 10 11 12 Quantity (number of acres)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The following are the P/E ratios (price of stock divided by projected earnings per share) for 20 banks. 50, 19, 22, 21, 25, 18, 31, 21, 19, 14, 15, 18, 17, 34, 29, 23, 14, 18, 22, 22 Send data to calculator Find 20" and 75" percentiles for these ratios. (a) The 20th percentile: (b) The 75th percentile:| Continue Cip 40 4- %23 %24 3. 6. 7. R. 00 %24
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