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Q. How do external costs level of output to produce and economic efficiency given a chart
Quantity Private Costs Social Costs Benefits
1 $2 $4 $12
2 $6 $10 $22
3 $12 $18 $30
4 $20 $28 $36
5 $30 $40 $40
How do calculate the level of output that will be produced? What is output that should be produced to achieve economic efficiency and the value to society for correcting the externality and the tax level that would be appropriate to internalize the externality?
Joe has never trusted banks and always kept his money in cash. Joe pulls out his money jar, discovers that it has $20,000 in it, and decides it is unsafe to keep that much cash. Joe stops at the Local
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Managerial economics and should include other criteria such as social responsibility and ethics. Remember to cite your authority and be careful not to plaigerize.
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