When there is a wedge between private costs and social costs, which of the following must be present?
1 answer:
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Answer:
The value of x would be or
Step-by-step explanation:
Given,
x tons of 10% gravel G mixture is mixed with y ton of 2% gravel G to obtain 5% gravel mixture,
Thus, gravel G in x ton + gravel in y ton = gravel G in the resultant mixture,
⇒ 0.1x + 0.02y = 0.05(x+y),
0.1x - 0.05x = 0.05y - 0.02y
0.05x = 0.03y
Now, resultant mixture is z ton,
i.e.
From equation (1),