1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Roman55 [17]
3 years ago
11

Suppose that a firm’s marginal production costs are given by MC = 10 + 4Q. The firm’s production process generates a toxic waste

, which imposes an increasingly large cost on the residents of the town where it operates: the marginal external cost (i.e. marginal damage inflicted on the residents) associated with the Qth unit of production is given by 2Q. Hint: The social marginal cost takes into account the private cost of the firm as well the marginal damage to the society of the firm’s production activities.
(a) What is the marginal private cost associated with the 10th unit produced?
(b) What is the total marginal cost to society associated with producing the 10th unit (the marginal social cost of the 10th unit)?
Business
1 answer:
SCORPION-xisa [38]3 years ago
3 0

Answer:

A) Marginal private cost= 50

B) Total Marginal social cost to society = 70

Explanation:

A) In order to find the marginal private cost we will use the firms production cost formula as it is the private cost that the firm is enduring and is only relevant to the firm's cost and not the society's cost.

In order to find the marginal unit cost of the 10th unit produced will will replace Q in the formula by 10 as it represents quantity.

MC= 10 + 4Q

MC= 10 + 4(10)

MC= 10 +40 = 50

B) In order to find the marginal cost to society we will add the marginal external cost of the 10th unit to its private cost. We already know the marginal private cost is 50 now we need to find the marginal external cost to it to find the total marginal cost.

Marginal external cost = 2Q

Q= 10

Marginal external cost = 2*10 =20

The total Marginal cost to society= 50 + 20= 70

You might be interested in
The largest owner/operator of radio stations in the United States is ____________________. In 2006, this company became a privat
valentina_108 [34]

The largest owner/operator of radio stations in the United States is iHeartMedia. In 2006, this company became a privately owned company.

<h3><u>What are radio stations?</u></h3>
  • Radio broadcasting is the process of sending audio over radio waves to radio listeners in a public setting, sometimes along with accompanying metadata.
  • Unlike satellite radio, which uses a satellite in Earth's orbit, terrestrial radio broadcasting uses a land-based radio station to transmit radio waves. The listener needs a broadcast radio receiver to hear the material.
  • A radio network with which stations frequently have affiliations provide content in a standard radio format, whether through broadcast syndication, simulcasting, or both.
  • Various types of modulation are used by radio stations during transmission: Older analog audio standards like AM and FM are used by radio stations to transmit audio, whereas modern digital radio stations use DAB and other digital audio standards.

Through its division iHeartMedia and subsidiary iHeartMedia and Entertainment, Inc., iHeartMedia, Inc. focuses on radio broadcasting, podcasting, digital, and live events. With more than 850 full-power AM and FM radio stations nationwide, it is the largest radio station owner in the nation.

Know more about radio stations with the help of the given link;

brainly.com/question/9531764

#SPJ4

8 0
1 year ago
Betty and Karen have been hired to paint the houses in a new development. Working together, the women can paint a house in two-t
Aliun [14]

Answer:

6 hours

Explanation:

Let k = time it takes Karen to paint the house alone

then  according to the question,

(2/3)(k)(1/k + 1/12) = 1

⇒(2k/3)(1/k + 1/12) = 1

⇒(2k)(1/k + 1/12) = 3

⇒(2 + k/6) = 3

Multiplying both sides by 6:

12 + k = 18

k = 6 hours

therefore Karen takes 6 hours to complete the Task.

8 0
3 years ago
Binayak began business by placing rs600000 into a business
gtnhenbr [62]

Answer:

yes he did

Explanation:

4 0
2 years ago
In a job order cost system, direct labor and factory overhead applied are debited to individual jobs. How are these items treate
PIT_PIT [208]

Answer:

The way the costs of direct labor and factory overhead applied are treated in a process costing system is different from their treatment in a job costing system.  In process costing system, they are debited to the Work in Process account.

The reason for this is that in process costing, costs are not directly attributable to individual jobs.  Instead, costs are accumulated in Work in Process before they are assigned to individual production units.

Explanation:

Job order costing system accumulates costs for individual jobs while a process costing system accumulates costs in the Work in Process account and then allocates the costs to individuals units of production.  The difference depends on the nature of the two systems and how possible it is to identify the costs and attribute them to individual jobs or units.

4 0
3 years ago
In October 2010, the amount of money held by individuals and companies was $987.1 billion; checkable deposits owed by individual
frutty [35]

Answer:

$1,554.4

Explanation:

Given:

The amount of money held by individuals and companies = $987.1 billion

Checkable deposits owed by individuals and companies = $567.3 billion

Money market funds = $1.045 trillion

Savings deposits = $562.3 billion

Time deposits = $324.2 billion

Now,

The M1 amount is calculates as:

= The amount of money held by individuals + Checkable deposits owed by individuals and companies

= $987.1 billion +  $567.3 billion

= $1,554.4

8 0
3 years ago
Other questions:
  • With scarcity at the base of all material economics the key operating principle is
    14·1 answer
  • In recording an accounting transaction in a double-entry systema.the number of debit accounts must equal the number of credit ac
    12·1 answer
  • Benton Company is preparing its annual profit plan. As part of its analysis of the cost of its purchasing activity, management e
    14·1 answer
  • Two reasons why people are hesitant to report corruption
    6·1 answer
  • When you hire an independent contractor, you don't have to pay the contractor's
    7·2 answers
  • Machine A costs $9,500 and has an annual operating cost of $5,500. Machine B costs $8,000 and has an annual operating cost of $5
    5·1 answer
  • Village Corp., a calendar year corporation, began business in year 1. Village made a valid S corporation election on December 5,
    8·1 answer
  • How have the general ideologies of each major party change over time?
    12·1 answer
  • Comparing Stock and Cash Dividends
    10·1 answer
  • _____ are different, even within the same job. A. Occupations b. Workplaces c. Careers d. Interest rates Please select the best
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!