Socially optimal quantity in market

Assignment Help Business Management
Reference no: EM131368218

Supply and demand in a competitive market are given respectively by q = 4p and q = 30 - 2p. If the production of the good imposes a negative externality that generates an external cost for the society of 3 euros per unit exchanged, what is the socially optimal quantity in this market?

(a) q = 20

(b) q = 5

(c) q = 7

(d) q = 16

With calculation please

Reference no: EM131368218

Questions Cloud

Describe nature of cost imposed on third parties : Identify a negative (non-pecuniary) externality and describe the nature of the cost imposed on third parties. Identify a positive (non-pecuniary) externality and describe the nature of the benefit received by third parties.
Critically examine contemporary homeland security issues : Current Events: Current Event assignments are designed to give the student an opportunity to critically examine contemporary Homeland Security issues.
Construct x-y graphs to help analyse this data set : Construct x-y graphs to help analyse this data set. Make sure each graph is properly labeled and include your name. Calculate the R2 regression value an on it assume a linear relationship
Determining the deadweight loss : Suppose the market supply curve is perfectly inelastic (a vertical supply curve). Lakefront lots might be a good example. If a tax is imposed in this market, is there a deadweight loss?
Socially optimal quantity in market : Supply and demand in a competitive market are given respectively by q = 4p and q = 30 - 2p. If the production of the good imposes a negative externality that generates an external cost for the society of 3 euros per unit exchanged, what is the soc..
How should aaron acknowledge other who assisted him : Aaron wants to prepare a manuscript for publication in an academic journal. With whom should he share authorship?- How should Aaron acknowledge other who assisted him with the dissertation research?
How will you help carrie understand the cultural values : Kesha has invited her friend Carrie to go home with her over the school's short holiday break. Kesha, like many African Americans, has a rich spiritual tradition that permeates most areas of her life. In addition, Kesha is close to her immediate a..
Forecast future growth or downturn conditions : Are there other factors that a multiple regression model could consider using economic indicators to forecast future growth or downturn conditions?
Relationship between inflation and unemployment rates : Would a time series analysis be a viable statistical method to review the relationship between inflation and unemployment rates relative to the Phillips Curve?

Reviews

Write a Review

Business Management Questions & Answers

  Evaluating leadership potential are accurate

Do you feel that the aptitude exam to evaluate leadership potential are accurate and helpful to identify potential leaders?

  Failure in a change process

Can you identify one possible failure in a change process that may result in conflict and formulate strategies for addressing these failures.

  Impact on the results of the organization

Suppose a training program had a significant influence on the behavior of the participants but did not have a clear impact on the results of the organization, such as profitability, productivity or costs. Does this mean that the training was ineff..

  Compare and contrast power and politics in organizations

Compare and contrast power and politics in organizations and include an anlaysis of organizational management and leadership practices that impact organizations.

  Prevent debbie from resigning

1. If you were unable to prevent Debbie from resigning, what strategies ( motivational or otherwise) might you employ in the future to prevent a similar situation?

  Compare two major trade theories

Select one theory from each category and discuss how it has affected the patterns as well as the benefits associated with cross-border trade and investment activities.

  Approach used to prevent medical errors

Prepare a 5-8 slide Power Point presentation that describes what constitutes a medical error and describe one approach used to prevent medical errors.

  One peer-reviewed journal article

You will locate one peer-reviewed journal article related to a topic covered in Module 1 and create a professionally designed PowerPoint presentation..

  Change management and contingency planning

Change Management and Contingency planning are two central elements of managing risk in projects. Using suitable examples, explain both of these concepts.

  Identify the types of descriptive statistics

Develop a 1,050-word report in which you: Identify the types of descriptive statistics that might be best for summarizing the data, if you were to collect a sample. Analyze the types of inferential statistics that might be best for analyzing the data..

  Communication barriers and ack of knowledge

Communication barriers also elucidate how the lack of knowledge can impede growth of a business globally.

  Determine average fixed cost-average variable cost

If you are able to sell 100 boxes of popcorn each day, the variable cost per box is $0.15. Use these figures to determine average fixed cost, average variable cost, and average total cost.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd