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2 years ago

Refer to Table 10-1. What is the socially optimal quantity of output in this market

SAT

1 answer:

maw [93]2 years ago

8 0

The socially optimal quantity of output in this market is D. 0

Quantity Price $ per unit Private Marginal Cost External Marginal Cost

0 100 --- ---

1 90 10 30

2 80 20 30

3 70 40 30

4 60 60 30

5 50 80 30

6 40 100 30

7 30 120 30

Hence, we can see that, in the presence of an externality, the socially optimal output is determined by including the externality either by adding it with marginal cost or marginal benefit.

Therefore, from the given table above, we can see that the socially optimal quantity of output in this market is 0 because it occurs when social marginal cost is equal to the marginal revenue.

Read more about social marginal cost here:.

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2 years ago

Use the properties of logarithms to write the following expression as one logarithm. Logs logr + 8logr s − 3logr t mc001-1. Jpg

vagabundo [1.1K]

In this exercise we have to use the properties of the logarithm to write it in one way, like this:

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From these recalling some properties of the logarithm, we find that:

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Two logarithms with the same base are equal when the logarithms are also equal.

given the equation as:

$log(s)log(r)+8log(rs)-3log(rt)\\log(s+r)+8log(rs)-3log(rt)\\logg(r+s)(rs)^8/(rt)^3$

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2 years ago

Read 2 more answers

A survey participant is randomly selected. Let f be the event that the participant’s first motor vehicle had four cylinders and

andreev551 [17]

The value of P(fc and u) is 0.09

From the complete question, we have the following highlights:

A total of 200 participants were surveyed.
18 of the survey participant's first motor vehicle had four cylinders and the participant’s first motor vehicle was an SUV.

These mean that;

$n(fc\ and\ u) = 18$