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Author Question: The unregulated, single-price monopolist illustrated in the figure above has a total cost of A) ... (Read 34 times)

fbq8i

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on: Jun 29, 2018
The unregulated, single-price monopolist illustrated in the figure above has a total cost of
 
  A) 8.00 per day.
  B) 16.00 per day.
  C) 32.00 per day.
  D) 40.00 per day.

Question 2

When the production of a good creates an external cost, by setting the tax rate equal to the ________, firms can be made to behave in the same way as they would if they bore the cost of the externality directly.
 
  A) marginal external cost
  B) marginal social benefit
  C) marginal private benefit
  D) marginal social cost


Anton

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


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