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
Vinil7 [7]
2 years ago
9

Greater air pollution from car production leads to increased rates of asthma and infant mortality, imposing costs on the rest of

society. The inverse demand for cars is given by the function P = 75 − 3q while the private costs are given by the function P = 10 + 2q. Additionally, we know that each car imposes a $10/unit external cost on society. How many more cars will be produced in the market equilibrium versus the social optimum?
a) 2
b) 4
c) 5
d) 1
e) 3
Business
1 answer:
Arada [10]2 years ago
5 0

Answer:

2 more cars will be produced in the market equilibrium versus the social optimum. The right answer is a.

Explanation:

According to the given data we have the following:

demand for cars is given by the function P = 75 − 3q

private costs are given by the function P = 10 + 2q

75 − 3q= 10 + 2q

Therefore, 65=5q

q=13

P=36

Therefore, socially optimal number of cars is 13.

To calculate How many more cars will be produced in the market equilibrium versus the social optimum, we have to calculate the following:

social cost=10+2q+10

=20+2q

75 − 3q=20+2q

55=5q

q=11

P=20+2(11)=42

Therefore, Qm-Qs=13-11

Qm-Qs=2

2 more cars will be produced in the market equilibrium versus the social optimum

You might be interested in
Cameron Manufacturing Co.'s static budget at 5,000 units of production includes $40,000 for direct labor and $5,000 for variable
Xelga [282]

Answer:

C) variable costs of $72,000 and $25,000 of fixed costs

Explanation:

To determine the flexible budget we must first calculate the variable costs of producing 8,000 units:

direct labor per unit = $40,000 / 5,000 units = $8 per unit

electric power per unit = $5,000 / 5,000 units = $1 per unit

total variable cost per unit = $8 + $1 = $9

Total variable costs for 8,000 units = 8,000 units x $9 per unit = $72,000

Total fixed costs = $25,000

4 0
3 years ago
Consider the telecommunications, networking, and wireless technologies you use today as a consumer and student. Does your comfor
kati45 [8]

Answer:

Yes, people´s comfort level with changes in technology in their personal lives has a great influence over how comfortable they can be with adapting to new technologies in the workplace.

Explanation:

Telecommunications, networking, and wireless technologies are used regularly by most students, as those who are in studying years have grown with those technologies already developed. However, the rapid changes in technology that are common these days can become quite overwhelming, as they require users to constantly readapt to them. For example, our use of email has changed so much in the past years, with so many new lines of communication and new softwares that one has to learn how to use. And the more we get used to readapting, the more comfortable we can be when those changes become part of the workplace. It´s important to be prepared and to have the proper training to ensure the effective use of technology in such a fast-paced technological era.

7 0
2 years ago
Which journal entry below would be properly used to record an issuance of an installment note (borrowing money) from first bank
Drupady [299]
Principal of the note
8 0
3 years ago
Which of the following is a disadvantage of a market economy?a. consumer satisfaction is lowb. it limits freedom for producers a
patriot [66]

Answer: The correct answer is c) It does not provide for everyoned.

Explanation:

In a market economy, the problem is that we are not born with the same opportunities, nor the possibility of accessing the same factors of production, nor are we equally qualified in all fields. That is, those who are born in a family with less economic resources, or simply are not enabled in activities that have more benefits, are at a disadvantage compared to the rest of the individuals. These inequalities end up generating inequalities in income distribution.

4 0
3 years ago
What has happened to China’s GPD since it began to reform its economy?
telo118 [61]

Answer:

it has grown substantially

Explanation:

in the past, China's government has total control over other economy. They failed to run it efficiently since the system provide no incentives for people to work harder and invents new things.

In the 1980s, china started to adopted some aspect of Capitalism and let the private sector grow their influence in the economy.

As a result, many people start to have incentives to contribute more to the economy. This system  basically allowed the citizens seek personal wealth for themselves, but they are indirectly improving the country's economy.

6 0
3 years ago
Other questions:
  • Fall protection, confined space entry procedures, controlled noise levels, and protection from chemical hazards are some of the
    10·2 answers
  • Is using special hand tools to avoid the point of operation an acceptable
    7·2 answers
  • Do you think celebrities should weigh in on politics? Why or why not?
    14·1 answer
  • Anew Health Care Company reports net income of $210,000 and Depreciation Expense of $24,000 for the year ending December​ 31, 20
    9·1 answer
  • 1. What is the difference between a MIS and formal market research?
    12·1 answer
  • Dan and another manager Susie are arguing about how their company has set up the material requisition slips. For their company a
    15·2 answers
  • Technician A says that after an accident you should take measures to avoid it in the future. Technician B
    8·1 answer
  • Phelps, Inc. had assets of $87,938, liabilities of $19,174, and 13,190 shares of outstanding common stock at December 31, 2017.
    9·1 answer
  • 1. Clark is the kind of manager that values input from his team and likes to involve them in the decision-making process. He pre
    9·1 answer
  • Breton Woods Standards were found to be inadequate mainly because?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!