Only typed answer 43.8037.6026.7522.5018.6000a$1.90$4.25$8.15$37.60b3,840C5,520 6,360(Marginal Social Costs)= (Marginal Private Costs)Marginal Social BenefitsMarginal Private BenefitsquantityIn this market, in order to achieve the socially best quantity, then a per-unit subsidyshould be granted to producer equal to the value of the external benefit, which is

External benefit is the benefit experienced by society due to the action of others. Suppose the…

Answered: In this market, in order to achieve the…

In this market, in order to achieve the socially best quantity, then a per-unit subsidy should be granted to producer equal to the value of the external benefit, which is $1.90 $4.25 $8.15

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Only typed answer

43.80
37.60
26.75
22.50
18.60
0
0
a
$1.90
$4.25
$8.15
$37.60
b
3,840
C
5,520 6,360
(Marginal Social Costs)
= (Marginal Private Costs)
Marginal Social Benefits
Marginal Private Benefits
quantity
In this market, in order to achieve the socially best quantity, then a per-unit subsidy
should be granted to producer equal to the value of the external benefit, which is

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