Sh 13 Subject - economics 3. The effect of negative externalities on the optimal quantityof consumptionConsider the market for paper. Suppose that a paper factory dumps toxic waste into a nearby river, creating a negative externalityfor those living downstream from the factory. Producing an additional ton of paper imposes a constant external cost of $70 per ton.The following graph shows the demand (private value) curve and the supply (private cost) curve for paper.Use the purple points (diamond symbol) to plot the social cost curve when the external cost is $70 per ton.PRICE (Dollars per ton of paper)2001801601401201008060402000O01OD2OThe market equilibrium quantity is☐☐34QUANTITY (Tons of paper)O5Supply(Private Cost)O Demand(Private Value)67Social Costtons of paper, but the socially optimal quantity of paper production isTo create an incentive for the firm to produce the socially optimal quantity of paper, the government could impose aper ton of paper.▼ tons.▼ of

Externalities refer to the costs or benefits of an economic transaction incurred on a third party…

The market equilibrium quantity is tons of paper, but the socially optimal quantity of paper production is To create an incentive for the firm to produce the socially optimal quantity of paper, the government could impose a per ton of paper. tons. of

The market equilibrium quantity is tons of paper, but the socially optimal quantity of paper production is To create an incentive for the firm to produce the socially optimal quantity of paper, the government could impose a per ton of paper. tons. of

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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B3. The following table shows the gold prices in recent 4 years: Price Index (USS per ounce) (Base 2018) I2018 =? Price Year 2018 1328 2019 2020 1294 Iz019 =? 1562 I2020 =? 2021 I2021 =? 1949 (a) Calculate all the simple price indexes by using 2018 as the base year. (b) Calculate the percentage change from 2020 to 2021.
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Each term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’ responses as MPC March 0.41 June 0.30 September 0.22 December 0.56 What do these MPC’s imply about the students’ thinking over the course of the year? (Enter response here.) What is likely happening in the economy during the same period of time?
Designe Layout References Mailings Review View Home Insert Insert Table of Figures eInsert Table of Authorities a Insert Index Insert Endnote AB SManage Sources Style APA Add Text (- D Update Table Mark Next Footnote . L Update Table Update Index Update Table Mark Insert Insert Insert Citation S Bibliography Caption Cross-reference Citation Footnote a Show Notes Entry Index Table of Autherities Ir of Contents Footnotes Citations & Bbliography Captiens JU 9.... ATC 10 14 20 MR What will be the output level? What will be the price charged by the monopolist? Calculate the profits of the monopoly. a. b. Calculate the area of "Dead Weight Loss" caused by the monopoly and explain the meaning of "Dead Weight Loss". d. C. What would be the socially efficient quantity of output? What would be the price in perfect competition? e. Question 9. 2 of 5 1102 words P Type here to search 93% [99+ 7:35 PM D A 40) 12/19/2020 11 10 GI 7. Chome K S 4. 5. B O1 9) and alt gr cirl home padn insert
■CASE STUDY THE PROPERTY MANAGER AS ECONOMIST-PLANNER After graduating from college with honors and a master's degree in eco- nomics, Charles Gill was hired by the local urban renewal authority in his home town of approximately 500,000 people. His responsibilities were in the areas of statistics, financial planning, and research. When activities of the urban renewal authority began to wind down upon completion of a major downtown redevelopment project, one of the directors, a businessman who had acquired some real estate investment property, hired Charles to manage one of his residential rental properties. The area's economy had slowed with the general downturn that occurred throughout the country and severely depressed the price of real estate in many areas, including property in Charles's town. In addition, a local defense factory had closed, leaving hundreds out of work. Charles saw there were suddenly many properties available that were priced far less than they had sold for just a…
1 2 WN 3 4 5 6 7 8 9 WN=86 10 11 12 A B Capital (K) 1 1 1 1 1 1 1 1 1 1 с Labor (L) 1 AWNP 2 3 4 5 6 7 8 9 10 Total Product (TP) 10 Average Product (AP) 10 12.33 12.25 == 10.67 9.57 8.38 5.8 22 37 58 64 67 E 64 F Marginal Product (MP) 10 12 12 9 3 -3 -6 G 13 14 a. Complete the table above (SHOW FORMULAS USING EXCEL) 15 b. Create the graph of Total Product, Average Product, and Marginal Product as a function of Labor (SHOW STEP BY STEP PROCESS USING EXCEL) 16
SHOW FORMULAS ON EXCEL PLEASE STEP BY STEP
Subject: ( Enterprenurship ) Define SMEs. Also write down Financial and marketing problems of SMEs.
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The data in the table below represents Total product (TP), for an agri-business involved in potato production. Саpital (fixed factor) Labor Marginal physical product (MPPL) Оutput(units) Average physical product (АPPL) (variable factor) or Total physical product (TPP1) 10 10 1 7 10 2 20 10 3 39 10 4 55 10 66 10 6 70 10 7 70 10 8 67 (i) Calculate the marginal product and average product value. (ii) At what point do diminishing marginal returns set in? And using the values of AP and MP obtained from part (i), plot the graphs of TP, AP and MP being careful to fully label the graph and explain briefly the law of diminishing marginal returns from your computation. (iii) How does the hypothesis of diminishing returns (MP& AP) influence the behaviour of costs (MC& AC)?
Shifts of Labor Supplv and y. (B) Pick the panel that would best model the following scenario: Working condifions become less pleasart Multiple Choice c A B D Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.