Author Question: Refer to the scenario above. If the equilibrium price charged by the firm in the short run is 170, ... (Read 46 times)

nenivikky · **on:** Jun 29, 2018

Refer to the scenario above. If the equilibrium price charged by the firm in the short run is 170, the firm will earn ________.

A) a profit of 10 per unit
B) a profit of 25 per unit
C) a profit of 0 per unit
D) a profit of 30 per unit

Question 2

The figure above shows the market for steel, the production of which creates pollution.

a. What point represents the equilibrium price and what point represents the equilibrium quantity in an unregulated, competitive market?
b. What area represents the deadweight loss of the unregulated, competitive market outcome?
c. What point represents the efficient quantity?
d. If the output level in part (c) was achieved through the use of a government imposed tax, what price would consumers pay? What price would the producers receive? What distance represents the amount of the tax?
e. If government successfully uses marketable permits to eliminate the external cost, what point represents how much output would be produced?

gcook · **Reply #1 on:** Jun 29, 2018

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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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