Suppose that demand for anchovy pizza is given by PD 50 – QD, and the supply of anchovy pizza is given by PS QS. Anchovy pizza smells bad. The bad smell imposes an external cost on anyone near the pizza equal to $5 per pizza. What is the formula for the marginal cost to society of anchovy pizza? O 55 - Q O 5 +Q O Q- 5 O 45 - Q

Suppose that demand for anchovy pizza is given by PD 50 – QD, and the supply of anchovy pizza is given by PS QS. Anchovy pizza smells bad. The bad smell imposes an external cost on anyone near the pizza equal to $5 per pizza. What is the formula for the marginal cost to society of anchovy pizza? O 55 - Q O 5 +Q O Q- 5 O 45 - Q

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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