Refer to Figure 10-6. Each unit of plastics that is produced results in an external O a. cost of $8. Ob. cost of $6. Oc. benefit of $6. O d. benefit of $8.
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- Externalities Quantity 0 5 10 15 20 25 30 Private Marginal Cost (PMC) 25 35 40 50 120 External Cost 30 70 75 100 Social Marginal Cost (SMC) 90 85 105 140 170 Page 1 eQUESTION 9 The FitBit is a device that monitors various health and fitness activities of a person. When it was first introduced by FitBit Inc., the FitBit was the only device of its type in the market. Assume this is still the case and that the marginal cost of production is $55 per FitBit. Below is a table of potential prices that could be charged and the corresponding quantities. Price (S/FitBit) Quantity (FitBits) 160 60 145 70 130 80 115 90 100 100 What price should FitBit Inc. charge in order to maximise profit? Answer to the nearest whole number (with no decimal places or $ sign).Price, Cost 998760 2009 201 10 1 2 3 Private Cost Social Cost Demand 6 7 8 9 10 4 5 Quantity (a) Give a definition of a negative externality and explain how it arises in a market. D (b) Refer to the graph above. If the government does not intervene in this market, what is the free market equilibrium? Is it socially efficient? Explain (c) What kind of government intervention is required in this case? Explain how it will change the market outcom
- What are some of the environmental factors that may influence buying decisions? Identify organizational factors thatmay influence buying decisions. Describe the role of theprofessional buyer.QUESTION 10 What is the main objective for environmental regulations? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIU S Paragraph Arial 14px > !!20 18 16 Price 14 12 10 ID: 8. 4 2 20 40 60 80 100 120 140 Quantity
- Identify the NonPrice determinants of supply in the dentistry field business. (per factor) In cost of production, number of suppliers, prices of goods and services, Taxes and subsidies and technologyA fisherman fishing at Lake Mengkuang Titi can catch 10 fish per day. Each additional fisherman fishing at the lake reduces the catch per fisherman by one fish per day. i) ii) Number of fishermen / Bilangan nelayan 1 2 3 4 5 6 7 8 9 10 Number of fish / Net benefits/ Bilangan ikan Faedah bearish 10 9 8 00 6 5 4 3 2 1 10 18 24 28 30 30 28 32 18 10 If a fisherman would rather stay home than catch fewer than four fishes, how many fishermen will show up each day to fish at the lake? What are the net benefits to society of this outcome? What is the efficient number of fishermen fishing to show up at the lake?There is a product (C)Coffee. The Coffee can have good qualty (H) or bad qualitt (L). The smallest amount buyers will buy for wholesale coffee of a good quality unit is $500 and the maxiumum they will pay is $600. The smallest amount they will pay for bad quality is $0 and the maxiumum is $0. x) what price of coffee would it be traded at?( with buyers knowing the quality)
- Price and cost (dollars per ton of steel) 250+ 200 150 100 50 2 MSC S = MC D=MSB 10 4 6 8 Quantity (tons of steel per week) 29) The above figure shows the marginal social benefit, marginal private cost and marginal social cost of producing steel. There is a marginal external of A) cost; $100 B) benefit; $100 D) cost; $200 per ton. C) benefit; $200ities/97507c54-29b3-4b89-bbid-c07ca40b872e/curiosity-feed?section=ef2825d6-34c2-4bae-8d5b-fec67cf63218 MY COMMUNITY ST Questions Bilal A Student at 0 Asked by Sara Kress Bloomingto 8 Student at Indiana University Bloomington 5 Availabl 0 Do you think taxing household carbon emissions would decrease the amount they would spend on gas and heat, and therefore My Questions have a positive impact on the environment? 2 All-Time Are gas and heat normal or inferior goods? Track my own par Will people continue to produce the same amount of carbon emissions no matter the price? ABOUT THIS COMMUN Graf - ECON 201 - Add Response 0 Responses Options 11:51 PM, 9/28/2019 Microeconomics 289 Student learners 0 532 Questions asked 923 Responses shared Asked by Carrie Haltermnan Student at Indiana University Bloomington As more forests are cut down and burned, how will the elasticity of wood and its' compliments be effected? A-K Change Section THIS COMMUNITY'S PRC Trees are crucial to our life on Earth.…per ogr 82.00 20.00 17.50 16.00 12.00 10.00 7.50 6.00 2.60 250 500 750 1000 120 1500 1750 Quantity of ehrimp (in kilogram) Government of Canada has introduced deficiency payment program with a target price equal to $1750 per kilogram of Shrimp, Government spending under the program is Select one Oa $12,500 Ob $22500 Oc $15,000