This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to Scenario 16.1 below to answer the question(s) that follow.SCENARIO 16.1: The marginal ... (Read 49 times)

Medesa

  • Hero Member
  • *****
  • Posts: 507
on: Apr 19, 2019

Refer to Scenario 16.1 below to answer the question(s) that follow. 

SCENARIO 16.1: The marginal benefit for a particular food is described by 
MB = 30 - 
q, where q refers to the quantity of the food. The marginal cost of producing the food is described by 
MC = 2
q. There is a negative externality associated with food production and the marginal social cost of food production is 
MSC = 4
q.





Refer to Scenario 16.1. The efficient output level is ________ and the efficient price is ________.


◦ 10 units of food; $20
◦ 6 units of food; $24
◦ 0 units of food; $0
◦ 4.29 units of food; $25.71
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Medesa on Apr 19, 2019

jaykayy05

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Apr 19, 2019
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.
Answer Preview
Only 49% of students answer this correctly


Medesa

  • Member
  • Posts: 507
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

How to solve a half life problem involving exponential models (Question 2) How to solve a half life problem involving exponential models (Question 2)
question...... question......
economic question economic question
economic question economic question
economic question economic question
economic question (having trouble) economic question (having trouble)
Video: Alternative Energy Sources

For a complete list of videos, visit our video library