You are an industry analyst that specializes in an industry where the market inverse demand is P = 100 - 2Q. The external marginal cost of producing the product is MCExternal = 8Q, and the internal cost is MCInternal = 18Q. Instructions: Enter your response rounded to the nearest two decimal places. a. What is the socially efficient level of output?

Problem 5 refers to the following setup: The demand curve in a market is Q = 6-P. Firm A and B are the only sellers, their marginal costs are constant at 2 and 3 respectively, and there is no fixed cost. They produce identical goods. 5. a) What is the socially efficient outcome? (Specify the quantity for each firm.) b) Find the quantity produced by each firm and the price under Cournot competition. c) What is each firm's profit under Cournot competition?

4. Consider a manufactured good whose production process generates pollution. The demand for the product is Q-100-3P. The market supply function is Q=P. The marginal external cost is MEC=2Q. J a.What is the equilibrium price and quantity in a market with no environmental policy? Graph your answer. b. What is the deadweight loss from the pollution damage. Label this on your graph. c. What is the socially optimal quantity of the good and the socially optimal price? Label on your graph. What is the price elasticity of demand and the price elasticity of supply at this optimum? d. What is the emissions tax that needs to be imposed to achieve the social optimum? Add this to your graph. e. What is the economic incidence of this emissions tax? In other words, what proportion of this tax will be paid by producers of this product and what proportion of the tax will be paid by consumers?

What is the socially optimal quantity, and how much is the social cost at this quantity?

Only typed answer  You are an industry analyst that specializes in an industry where the market inverse demand is P = 100 - 3Q. The external marginal cost of producing the product is MCExternal = 6Q, and the internal cost is MCInternal = 14Q.   Instruction: Round your answers to the nearest two decimal places.   a. What is the socially efficient level of output?   units     b. Given these costs and market demand, how much output would a competitive industry produce?   units     c. Given these costs and market demand, how much output would a monopolist produce?   units     d. Which of the following are actions the government could take to induce firms in this industry to produce the socially efficient level of output.   Instructions: You may select more than one answer. Click the box with a check mark for the correct answers and click twice to empty the box for the wrong answers. You must click to select or deselect each option in order to receive full credit. Pollution taxes…

Suppose demand is QD=9−P and supply is QS=P. There is a constant positive externality of ​$4 per unit​ (marginal external​ benefit, MEB​ = ​$4​). Find the market equilibrium quantity and the socially optimal quantity. The market equilibrium quantity is    enter your response here. ​(Round your answer to one decimal place.​) The socially optimal quantity is    enter your response here. ​(Round your answer to one decimal place.​)

Consider a market where the demand curve is given by P = 190 – 0.2Q and the supply curve is given by P = 41 + 0.1Q. Production of this good generates an external cost as measured by the marginal external cost function MEC = 0.1Q. If the government wants to encourage firms to produce at the socially efficient level of output then how large should the per unit tax be? Enter a number rounded to two decimal places as necessary

Please provide calculation and justification for question b to f

Suppose the demand for a product is P = 400 - 0.25 Q and the supply of the product is P = 100 +0.75 P where Q is output and P is price. Suppose also that the marginal external cost (MEC) from production is constant and equal to 50$ per unit. What is the competitive (private) efficient level of output? What is the socially efficient level of output?

Large taxes on energy companies whose production activities cause environmental damage. How does this negative externality affect the allocation of resources? List three things. Include pigovian taxes and marginal costs.