Details of this Paper

Quantity Marginal Private Benefit Marginal Private Cost Marginal Social Cost

Description

solution


Question

Quantity Marginal Private Benefit Marginal Private Cost Marginal Social Cost;(demand) (supply);0 -- $0 $0;1 10 2 4;2 9 3 5;3 8 4 6;4 7 5 7;5 6 6 8;6 5 7 9;7 4 8 10;8 3 9 11;9 2 10 12;10 1 11 13;a. What is the external cost per unot of production?;b. What level is produced if there is no regulation fo the externality?;c. What level shiould be produced to achieve economic efficiency?;d. Calculate the dollar value fo the net gain to society from correcting the externality.

 

Paper#30614 | Written in 18-Jul-2015

Price : $25
SiteLock