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Author Question: If the marginal social benefit of pizza exceeds the marginal social cost of pizza, the economy is ... (Read 134 times)

humphriesbr@me.com

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on: Jun 29, 2018
If the marginal social benefit of pizza exceeds the marginal social cost of pizza, the economy is producing the efficient quantity of pizza.
 
  Indicate whether the statement is true or false

Question 2

In the Village of Punjab, Sheryl owns a well, which is the only source of drinking water. The supply of water is perfectly inelastic at a quantity of 1,000 gallons of water per day.
 
  At a price of 2.00 per gallon, the quantity demanded per day is 1,000 gallons. The government imposes a 0.50 per gallon tax.
  a) After the tax is imposed, what is the price paid by the villagers? What is the price received by Sheryl?
  b) How much revenue does the government collect?
  c) What fraction of the tax does Sheryl pay? What fraction is paid by the villagers?
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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dmurph1496

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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humphriesbr@me.com

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Reply #2 on: Jun 29, 2018
Thank you :)


dmurph1496

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Reply #3 on: Jun 29, 2018
Happy to help you


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