Answer: 16 units more than social optimum.
DWL = dead weight loss = (1/2)*(Q* - Q°) 12 =96
Explanation:
Q=1200 - 4P and Q=-240 + 2P
In a free market quantity demand =quantity supplied
1200 -4P = -240 +2P
P =240
Sub P
Q* = 240
Socially optimal quantity is
Marginal social benefit (MSC)= marginal social cost(MSC), including external damage =MEC
MPC= marginal private cost =inverse of supply function
MPC = (1/2)*Q + 120
MEC=12
MSC =(MPC +MEC) = (1/2)Q +120 +12
MSC= MPB where MPB is marginal private benefit = inverse of demand functn
MPB = 300 -(1/4)Q
(1/2)Q + 132 =300 - (1/4)Q
Q° = 224
Difference btw Q* & Q° = 16 units more than social optimum.
DWL = dead weight loss = (1/2)*(Q* - Q°) 12 =96
Answer:
Connecting the world over time
Explanation:
Is the process of interaction of businesses and exchanges worldwide.
Answer:
International business is the correct answer.
Explanation:
- International business includes all economic activities that take place for the movement of resources, services, goods, people, thoughts, and technologies across national borders.
- International business is important because International exchange makes the business more successful and to increase the market of its country.
- The benefits of international business are: It Increase the Organization's reputation and expand the Company Markets.
Based on the ages of those <em>showing interest</em>, these buyers were likely from the generational cohort of:
<h3>What is an Age Group?</h3>
This refers to the group of people who are of similar age ranges which were born during a particular period and today we can say some are Millennials, Gen Z, etc.
With this in mind, we can see that based on the eBay listing, there was the listed sale for an item and because the interested buyers were from an age group which was made up of teenagers, we can state that they were the Gen Y.
Read more about age group here:
brainly.com/question/16180558
