Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Consider the following information relating to the pulp market.
Demand
Supply
Output(tonnes/ day)
Marginal private benefit
Marginal social benefit
Output
(tonnes/day)
Marginal private cost
Marginal social cost
1
$140
$50
2
$120
$60
3
$100
$70
4
$80
5
$90
a. If this market considers only marginal private benefit and marginal private cost, how much pulp will be produced and at what price will it be sold?
b. Assume that pulp mills provide no external benefits and that each tonne of pulp generates $30 of external costs. Complete the table by entering the data for the columns headed 'Marginal social benefit' and 'Marginal social cost'.
c. What would be the socially optimal quantity of pulp produced and the socially optimal price at which will it be sold?
EXCHANGE RATE SYSTEM: It is interesting to look at a case study of a country like India for several reasons: first it is a small country in terms of imports and exports as a p
Q. State the Keynesian Theory of employment? Under employment Theory, Govt interference Aggregate Demand- Aggregate supply- Effective demand, Income and employment consumption
why the PPC curve slopes downward?
illustrate graphically the influence of an increase in immigrants on the market supply of labour
Marginal Utility and Indifference Curve - If the consumption of a product moves along an indifference curve, additional utility derived from the increase in consumption of sing
what is the relationship between TP, MP and AP
Q. Natural environment for economics? Environment: The natural environment is an essential aspect of the economy, whose influence is felt in several different ways. Everyone
The demand schedule for computer chips is given in the table. Price (dollars per chip) Quantity demanded(millions of chips per year) 200
What are the costs and difficulties of such an operation? The direct costs are administrative, cooperative and storage costs, whereas the societal costs include misallocation,
what is the theory of second best ? prove the theorem with the help of a diagram .
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd