User Account

All Pages

Private marginal cost of production

Assignment Help Business Management
Reference no: EM131281306

Really Really easy quick Question

1. Consider the production of a good Q that causes an externality. Suppose the private marginal cost of production is PMC = 6. Demand for the good is given by Q = 20 - 2P. An externality is caused by production, that creates marginal damage MD = 1/2 Q.

b) What is the economically efficient quantity of Q, Q*?

Answer:

6 + 1/2 Q = 10 - 1/2 Q => Q* = 4

Where is the 10 - 1/2 Q come from?

Reference no: EM131281306

Questions Cloud

What challenges does he face in the story : What challenges does he face in the story? How would you describe his strengths and weaknesses? What surprises you about him? His family?
Analyzing and evaluating sources : Analyzing and evaluating sources, Defining key terms, Synthesizing information, comparing and contrasting sources.
Is picketing qualitatively different from handbilling : Why didn't the Supreme Court give its usual deference to the Board's interpretation of the statute in this case?- Is picketing qualitatively different from handbilling?
What do you think of the standards for social studies : Do you use a textbook? What do you think of the standards for social studies? How much time is spent per day in this subject area?
Private marginal cost of production : Consider the production of a good Q that causes an externality. Suppose the private marginal cost of production is PMC = 6. Demand for the good is given by Q = 20 - 2P. An externality is caused by production, that creates marginal damage MD = 1/2 ..
Were you satisfied with your topic choice why or why not : Were you satisfied with your topic choice? Why or why not? Were you satisfied with the results of your research? Why or why not? What obstacles were encountered and how did you deal with these challenges?
What rationale exists for the construction industry : What rationale exists for the construction industry proviso allowing unions in the construction industry to negotiate hot cargo provisions in their collective bargaining agreements?
Why your employers efforts worked to keep their employees : What motivational theories explain why your employer's efforts worked or didn't work to keep their employees productive, satisfied, or motivated?
Consider an economy described by the following : If government purchases increase to $3.5 trillion and the real interest rate r=1, equilibrium output Ye_______trillion. (Round your response to one decimal place.) If government purchases increase to $3.5 trillion and the real interest rate r=4, e..

Reviews

Write a Review

Business Management Questions & Answers

  What were the forces of change involved?

What were the forces of change involved?

  Jcksonville shipyards and sex discriminationin the case of

jcksonville shipyards and sex discriminationin the case of sex discrimination at wal-mart.what financial impact do you

  Ethics influence leadership decision making

How should ethics influence leadership decision making so patients will be able to receive the care they need versus the care they want?

  From the e-activity analyze each companys plans and

imagine that you are trying to receive funding for select planning projects. compare and contrast the attributes of

  Find the total sales during the first 2 years

If we assume 0 sales at the time the cereal is introduced, find S(t), the total sales, t months after the cereal is introduced.- Find the total sales during the first 2 years that the cereal is on the market.

  Improve listening skills and understanding body

improve listening skills and understanding body language.-three initiatives for improving our listening skills.-how can

  Explore the fundamental challenges that organizations face

Determine the fundamental challenges that organizations face in general in regard to protecting organizational assets and information.

  Examine and recommend optimal capital structureconsider you

examine and recommend optimal capital structureconsider you have just been hired as a business manager of pizzapalace a

  What is channel of distribution

What is channel of distribution.

  Effective versus efficient leadership

Evaluate Organizational Effectiveness Path goal Theory and effective versus Efficient Leadership

  Explain ethical standards are objectively-determined

Explain ethical standards are objectively-determined by religious and moral experts and what is deemed right or wrong, fair or unfair, moral or immoral, ethical or unethical

  Integrated marketing communications elements

Investigate various communications environments and recommend strategies for deciding which integrated marketing communications elements to use and in which combinations, in dynamic circumstances.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd