The type of economic system Hamsterville has is referred to as mixed economy system.
<h3>What is Mixed economy system?</h3>
This type of market system is characterized by the coexistence of free market system with government interference.
We were told that some goods are provided by the government which depicts a mixed economy system.
Read more about Mixed economy system here brainly.com/question/6453249
#SPJ1
Based on the information given, the marginal cost of the price that should be paid is $250 per hour.
This is an incomplete information. From the complete information, the number of moving crew will be gotten where the marginal cost is equal to the marginal benefit and this will be at the 4th hour. Therefore, the <em>marginal cost</em> and benefit equal $250.
Therefore, one should hire movers for 4 hours. Therefore, based on the information given, the consumer surplus will be:
= $600 + $370 + $250
= $1220
In conclusion, the total consumer surplus for hiring a crew for<u> 4 hours</u> will be<u> $1220.</u>
Read related link on:
brainly.com/question/3200587
Answer:
They work for the people of their districts and issue pardons for those serving time in prison.
