Answer:
80
Explanation:
To get the economically efficient level of production of the good, we will sum up the demand for consumers and equate them to the marginal cost of the public good.
Note that the economically efficient level of output occurs where MSB = MC on the graph. Therefore, since MSB = MC occurs where all the three consumers are in the market, then we'll have;
(60-Q) + (100-Q) + (140-Q) = 60
Expand the brackets
60-Q+100-Q+140-Q = 60
Collect like terms and sum up
300-3Q = 60
3Q = 300-60
3Q = 240
Q = 80
Therefore, the economically efficient level of the production of the good is 80
Answer: $227,700
Explanation:
The total recorded cost would include the actual cost of the equipment as well as every other cost that was incurred to transport the equipment and get it ready fir use.
Cost that will be recorded is therefore:
= Invoice cost + Installation cost + Delivery cost + Sales tax
= 190,000 + 20,000 + 4,000 + 13,700
= $227,700
Answer:
5.91 pounds of trash a day
Explanation:
yes
Answer:
a. True
Explanation:
Godiva is a well known chocolate shop and Hershey is renowned all over the world. To take over the market control both have divided consumers into different categories, e.g. luxury of buying chocolates versus cost-conscious who are willing to pay a subsequent amount only and those who are looking for quick energy boost so good labeling than those looking for a gift to loved ones so better outlook, although both have industries in the same market.