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Author Question: Private vs. Social BenefitsThe graph shows the marginal benefit (MB) and the marginal social benefit ... (Read 474 times)

zl00505

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on: Nov 23, 2022

Question 1

Private vs. Social Cost

The graph shows the marginal cost (MC) and marginal social cost of raising chickens for egg production.
 
Assume that P1=$2.50, P2=$9.00, P3=$14.60, Q1=275, and Q2=625. What is the marginal private cost of producing 625 eggs? Marginal social cost? Marginal external cost?
◦ $14.60, $9.00, $5.60
◦ $14.60, $2.50, $12.10
◦ $2.50, $9.00, $5.60
◦ $2.50, $14.60, $12.10

Question 2

Private vs. Social Benefits

The graph shows the marginal benefit (MB) and the marginal social benefit of a college education.
 
Assume that P1=$12,250, P2=$16,750, P3=$24,750, P4=$26,250, Q1=1,750, Q2=8,250, and Q3=14,750. What is the marginal private benefit of 1,750 people attending college? Marginal social benefit? Marginal external benefit?
◦ $12,250, $16,750, $4,500
◦ $16,750, $26,250, $9,500
◦ $24,750, $26,250, $4,500
◦ $26,250, $8,250, $9,500
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by zl00505 on Nov 23, 2022

kaelamcrone

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Reply #1 on: Nov 23, 2022
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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zl00505

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

juliaf

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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