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1) A number of paper companies dump sewage into a local river as a byproduct of production. The resulting environmental damage incurs a social cost of 60 cents per ream of paper that is produced. Suppose marginal cost function for the paper companies is given by MC = .01Q, while the demand curve for paper is given by Q = 1200 - 200P.
a. Solve for the social marginal cost function (that is, the function that takes into account the private marginal cost of production and the social cost of the externality).
b. What are the total costs of production (including the cost due to environmental damage) at the unregulated equilibrium quantity of 400?
Given a binomial random variable with n = 60 and p = 0.36 find the probability of obtaining between 25 and 35 successes inclusive, to three decimal places.
Assuming that land and labour are complements in a farming production function, what would happen to the wages earned by workers and the rents earned by landowners in Texas.
discuss several ways in which greater educational opportunities for young women could lead to faster economic growth in these countries.
Assume that the marketplace for engagement rings is in equilibrium.
Use calculations to examine the alternatives available to Assiniboine Narrows. Then, based on your calculations, make a recommendation as to the preferred course of action.
Pocoyo bakes cookies also Pato grows vegetables. In which of the subsequent cases is it impossible for both Pocoyo also Pato to benefit from trade.
Walras Equilibrium with two consumers and two commodities, given endowments and preferences for both consumers.
What is M1 in Iron mania. What is M2 in Iron mania.
If it had doubled its land as well as labor, production would have been 325000 bushels. Does it have increasing, decreasing or constant returns to scale.
Suppose that tax and aggregate expenditur income for an economy. Illustrate what is the change in taxes cause by an increase in government spending.
Elucidate how that the regression R^2 in the regression. The assumption that more is better satisfied for both goods.
If other people exploit the same opportunity, what will happen to the cost in Thailand as well as in Malaysia.
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