How many more units of this product will free market produce

Assignment Help Business Economics

Reference no: EM1367961

Q. Assume that a industry produces 200000 units a year and sells m all for $10 each. Furthermore, assume that marginal external damage of this product is $6 per unit. How many more units of this product will free market produce than is socially?

Q2. Elucidate how it is possible that we have "sustainable development" (as it is defined in text book) in a world in which minerals, oil and or non-renewable resources are being depleted.

Reference no: EM1367961

Questions Cloud

Economics and related issues : Determine the trade volume necessary for PBI to reach a target return of $7,500 per month for a typical office. Determine and interpret the elasticity of cost with respect to output at the trade volume found in part A.

Determine proper cash balance : Dumaine Equipment Corporation closes its books regularly on December 31, but at the end of 2007 it held its cash book open so that a favorable balance sheet could be created for credit purposes.

Compute tax percentage using nested if : On Home Sales Data worksheet, in column E, compute Tax Percentage. Using nested IF calculate the following (Hint: do not use the function AND because if the house does not have 1 bedroom

Impact of downsizing on the organization : Write down the impact of a lay-off on the survivors? Write down the impact of downsizing on the organization?

How many more units of this product will free market produce : Assume that a industry produces 200000 units a year and sells m all for $10 each. Furthermore, assume that marginal external damage of this product is $6 per unit. How many more units of this product will free market produce than is socially.

Elucidate its possible that we have sustainable development : Elucidate how it is possible that we have "sustainable development" (as it is defined in text book) in a world in which minerals, oil and or non-renewable resources are being depleted.

Determining optimal combination of labor-capital : Crew Brew produces a popular brand of beer in its mini-brewery located on a small river in Kentucky. Assume that capital can be purchased for $8 per unit, and labor costs $6 per unit. What is the optimal combination of inputs for the firm to employ..

Decrease of labor force in nursing : You have just been mandated to decrease your department's labor force by eight percent.

Decreasing the ethical conflicts : National Products Company participates in a highly competitive industry. In order to meet this competition and to get profit goals, the corporation has chosen the decentralized form of organization.

User Account

All Pages