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Author Question: Government Efforts to Curb PollutionThe graph shows the marginal cost (MC), the marginal social cost ... (Read 138 times)

desireelg_7

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Government Efforts to Curb Pollution

The graph shows the marginal cost (MC), the marginal social cost (MSC), and the marginal benefit (MB) of producing paper at a paper mill, which contributes to water pollution.
 
Assume that P1=$194, P2=$223, P3=$381, P4=$410, Q1=17,000 and Q2=34,500. Suppose the government takes action to achieve economic efficiency. What is the economically efficient price? What price is received by producers? How much revenue does the government earn?
Please round your final answer to two decimal places.
◦ $381, $194, $3,179,000.00
◦ $223, $410, $6,451,500.00
◦ $410, $223, $7,693,500.00
◦ $194, $381, $3,298,000.00


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Marked as best answer by desireelg_7 on Nov 23, 2022

Asfa

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desireelg_7

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review


irishcancer18

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Reply 3 on: Yesterday
Wow, this really help

 

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