Microeconomics (13th Edition)
13th Edition
ISBN: 9780134744476
Author: Michael Parkin
Publisher: PEARSON
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Chapter 17, Problem 21APA
To determine
Quantity of water purchased.
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GOSI shopping complex has 100 stores all rented to communication shops and concerned about security. The table below shows the total costs of hiring security guards to ensure safety of customers and protect storeowners from being vandalized. The table also shows the marginal benefit to each one of the shops.
Number of
Total cost
Marginal benefit for each shop
Marginal benefit for all shops
1
300
10
2
600
4
3
900
2
4
1200
1
Explain why a security guard a public good for the shop owners at GOSI?
If each shop owners act individually why zero guards will be hired
Fill in the missing information in the last column in the table.
a. Place point A at the equilibirum outcome. Place point B at the socially efficient outcome.
Market for cigarettes
10
Marginal social cost
В
Marginal private cost (supply)
8
A
7
Demand
4
3
1
30
60
90
120
150
180
210
240
Quantity of cigarettes (millions of packs)
CO
LO
Price ($)
The table below shows the total benefit for cleaning up the roadside for
the state.
Quantity of Pollution Cleanup
Total Beneft of Cleanup
dollars)
Multiple Choice
$200
$350
5475
$575
4
5
Each hour of cleaning up the roadside costs the city $100. How many
hours should the city spend on cleaning up the roadside?
Chapter 17 Solutions
Microeconomics (13th Edition)
Ch. 17.1 - Prob. 1RQCh. 17.1 - Prob. 2RQCh. 17.2 - Prob. 1RQCh. 17.2 - Prob. 2RQCh. 17.2 - Prob. 3RQCh. 17.2 - Prob. 4RQCh. 17.3 - Prob. 1RQCh. 17.3 - Prob. 2RQCh. 17.3 - Prob. 3RQCh. 17.4 - Prob. 1RQ
Ch. 17.4 - Prob. 2RQCh. 17.4 - Prob. 3RQCh. 17.4 - Prob. 4RQCh. 17 - Prob. 1SPACh. 17 - Prob. 2SPACh. 17 - Prob. 3SPACh. 17 - Prob. 4SPACh. 17 - Prob. 5SPACh. 17 - Prob. 6SPACh. 17 - Prob. 7SPACh. 17 - Prob. 8SPACh. 17 - Prob. 9SPACh. 17 - Prob. 10APACh. 17 - Prob. 11APACh. 17 - Prob. 12APACh. 17 - Prob. 13APACh. 17 - Prob. 14APACh. 17 - Prob. 15APACh. 17 - Prob. 16APACh. 17 - Prob. 17APACh. 17 - Prob. 18APACh. 17 - Prob. 19APACh. 17 - Prob. 20APACh. 17 - Prob. 21APACh. 17 - Prob. 22APACh. 17 - Prob. 23APACh. 17 - Prob. 24APACh. 17 - Prob. 25APACh. 17 - Prob. 26APACh. 17 - Prob. 27APACh. 17 - Prob. 28APACh. 17 - Prob. 29APACh. 17 - Prob. 30APA
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