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
I need help with number 5!!
kakasveta [241]
What is number 5 about
8 0
3 years ago
Read 2 more answers
The type of scarcity in the cartoon?​
o-na [289]
Economic cartoons is your answer
8 0
3 years ago
Rachel's Recordings reported net income of $250,000. Beginning balances in Accounts Receivable and Accounts Payable were $18,000
pentagon [3]

Answer:

Rachel's net cash flows from operating activities would be $264,500

Explanation:

In order to calculate Rachel's net cash flows from operating activities we would have to calculate the following formula:

cash flows from operating activities=Net income+Increase in accounts payable+ decrease in accounts payable

Net income=$250,000

Increase in accounts payable=Ending balance-Beginning Balance

Increase in accounts payable=$30,000-$23,000

Increase in accounts payable=$7,000

decrease in accounts payable=Ending balance-Beginning Balance

decrease in accounts payable=$10,500-$18,000

decrease in accounts payable=$7,500

Therefore, cash flows from operating activities=$250,000+$7,000+$7,500

cash flows from operating activities=$264,500

Rachel's net cash flows from operating activities would be $264,500

8 0
2 years ago
Need help asap with this one
GuDViN [60]

Answer:

A?

Explanation:

3 0
3 years ago
If these are the only four sellers in the market, then when the price decreases from $4 to $2, the market quantity supplied
inn [45]

Answer:

Decreases by 50 percent

Explanation:

The law of supply asserts that other things remaining constant, the quantity of goods and services supplied increases as price rises. Therefore, the price and quantity supplied are directly related. Should the price fall, the quantity supplied will also decrease. Producers will prefer to supply more when the price is high to make more revenue.

The supply curve is upward sloping indicating how quantity supplied changes at different price levels. In the case, the price has decreased from $4 to $2, which represents a 50 percent drop. The quantities supplied will decrease as per the law of supply.  A 50 percent decrease may result in a similar decrease in quantity supplied as the supply curve is upward sloping.

4 0
3 years ago
Other questions:
  • The balance of the Allowance for Doubtful Accounts account at January1 of the current year was $6,800. During the year, accounts
    10·1 answer
  • Choose the option that best matches the description given.
    10·2 answers
  • You need $20,000 to purchase a used car. Your wealthy uncle is willing to lend you the money as an amortized loan. He would like
    12·1 answer
  • In the logistics-systems design matrix, volume, cost and speed of delivery are three variables (assume three levels: low, modera
    12·1 answer
  • Kristina is tempted to get a credit card now that she is in college. What is one fiscally responsible reason for Kristina to get
    9·2 answers
  • the length and Length breadth and height of a room in a house are 8m 6m and 4m respectively the house on a decides to paint the
    9·1 answer
  • Mention any five essential elements required for insurance contract​
    12·1 answer
  • For journal entries in this assignment, enter AR for Accounts Receivable, ADA for Allowance for Doubtful Accounts, BAD for Bad D
    12·1 answer
  • A town wishes to build a new school that will cost $15,000,000. The school is to be built in 10 years. The town will provide fun
    14·1 answer
  • Which of the following intermediaries are included in indirect marketing channels? (check all that apply.)
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!