Demand for each solve for the social marginal benefit curve

Assignment Help Business Economics

Reference no: EM131006430

Suppose that James and bob live on the same street. In the winter both of them like the show on their street to be plowed. Bobs demand is given by Q=40-p and James demand ha given by Q=30-2p. Suppose that the marginal cost of plowing the snow is constant at $35

A) using the inverse demand for each solve for the social marginal benefit curve

B) What is the socially efficient amount of plowing?

C) Suppose the input costs of plowing fell and marginal cost a of plowing were now constant at $5

Reference no: EM131006430

Questions Cloud

Techniques of acceptance testing : What are the various techniques of acceptance testing? What issues will arise when a company opts for only one type of accep- tance testing? Which technique should be adopted?

Essay - should a community college education be free : Write an essay on given topic. TOPIC: Should a community college education (2 year degree) be free

What is unique about perfect competition : What is unique about perfect competition as a market structure that sets it apart from the other three market structures? How does it affect the diagrams that we use to analyze firm behavior? What are the implications of the assumption of easy entry ..

Compare the straight line- ddb and macrs depreciation : The CFBT for the machine is estimated at $20,000. If a recovery period of 5 years applies, use the present-worth-of-taxes criterion, an effective tax rate of 35%, and a return of 8% per year to compare the following: straight line, DDB, and MACRS ..

Demand for each solve for the social marginal benefit curve : Suppose that James and bob live on the same street. In the winter both of them like the show on their street to be plowed. Bobs demand is given by Q=40-p and James demand ha given by Q=30-2p. Suppose that the marginal cost of plowing the snow is cons..

Prepare the journal entry to record the restructuring : Prepare the journal entry(s) to record the restructuring of the debt by Transit Developments.

Calculate the theoretical diameter of the pipe : Calculate the theoretical diameter of the pipe; the nominal pipe diameter chosen from the table; and the actual average velocity in the nominal pipe - Calculate Reynolds number for the process and hence the head loss due to friction.

Society of producing at the private market equilibrium : Suppose the demand for paper is given by Qd=360-4p and the industry marginal cost of production is given by Qs=6p.in addition the firms production imposes an external toy with an associated marginal damage of MD =2. what is the net cost to society of..

Which analyzer should be purchased : Assume that after 3 years the company will sell the selected analyzer. Using the same total tax criterion, does either analyzer have an advantage? The selling prices are expected to be $130,000 for analyzer 1 and $225,000 for analyzer 2.

User Account

All Pages