User Account

All Pages

What is the marginal social cost

Assignment Help Microeconomics
Reference no: EM132113411

Question: The table in the next column gives the supply schedules of the only sellers of hot air balloon rides: Xavier, Yasmin, and Zack.

2490_Prices.png

a. What is the marginal social cost when the total number of rides is 30?

b. What is the marginal cost for each supplier when the total number of rides is 30 and how many rides does each seller supply?

Reference no: EM132113411

Questions Cloud

Describe the method of allocating scarce table resources : At West, a restaurant in Vancouver, reservations are essential. At Cibo, a restaurant in downtown Vancouver, reservations are recommended.
Draft a code of conduct for the australian company : MBA402 - Governance, Ethics, and Sustainability - You are required to read a series of news articles and other information about an Australian company.
What is each traveller consumer surplus : What is each traveller's consumer surplus when the price is $4 a kilometre? What is the market consumer surplus when the price is $4 a kilometre?
Which of the following is not a service level for the cloud : What should you do while copying data on a suspect's computer that is still live? What kind of graphics file combines bitmap and vector graphics types?
What is the marginal social cost : The table in the next column gives the supply schedules of the only sellers of hot air balloon rides: Xavier, Yasmin, and Zack.
What is the market producer surplus : When the price is $70 a ride, what is each seller's producer surplus? What is the market producer surplus? The response must be typed.
Why the allocation method used by each restaurant : At West, a restaurant in Vancouver, reservations are essential. At Cibo, a restaurant in downtown Vancouver, reservations are recommended.
Would the possible methods be fair or unfair : In the Worked Problem, how can the 50 bottles available be allocated to beach-goers? Would the possible methods be fair or unfair?
Over what range of prices does a surplus arise : Over what range of prices does a surplus arise? What happens to the price when there is a surplus? The response must be typed.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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