This topic contains a solution. Click here to go to the answer

Author Question: The table above shows the marginal social benefit of fishing in Mediterranean Sea. The marginal priv (Read 203 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804

Tons of fishMarginal social benefit
(dollars per hour)
100700
200600
300500
400400
500300
600200

The table above shows the marginal social benefit of fishing in Mediterranean Sea. The marginal private cost of operating a fishing boat is the same for all producers, $300 per hour. The marginal social cost is twice the marginal private cost. With no government intervention, the equilibrium quantity of fish caught is ________ tons.
◦ 100
◦ 200
◦ 300
◦ 400
◦ 500


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mydiamond on May 24, 2019

jlaineee

  • Sr. Member
  • ****
  • Posts: 380
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 29% of students answer this correctly





altibaby

  • Hero Member
  • *****
  • Posts: 562

Tons of fishMarginal social benefit
(dollars per hour)
100700
200600
300500
400400
500300
600200

The table above shows the marginal social benefit of fishing in Mediterranean Sea. The marginal private cost of operating a fishing boat is the same for all producers, $300 per hour. The marginal social cost is twice the marginal private cost. The efficient quantity of fish caught is ________ tons.
◦ 100
◦ 200
◦ 300
◦ 400
◦ 500




jake

  • Hero Member
  • *****
  • Posts: 538

Tons of fishMarginal social benefit
(dollars per hour)
100700
200600
300500
400400
500300
600200

The table above shows the marginal social benefit of fishing in Mediterranean Sea. The marginal private cost of operating a fishing boat is the same for all producers, $300 per hour. The marginal social cost is twice the marginal private cost. With no government intervention, the market is
◦ catching the efficient quantity of fish.
◦ underproducing by 100 tons of fish.
◦ underproducing by 300 tons of fish.
◦ overproducing by 300 tons of fish.
◦ overproducing by 200 tons of fish.



fraziera112

  • Sr. Member
  • ****
  • Posts: 356



 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

For a complete list of videos, visit our video library