The difference between social cost and private cost is a measure of the
) The private marginal benefit for commodity X is given by 9-X, where X is the number of units consumed. The private marginal cost of producing X is constant at $3. For each unit of X produced, an external damage of $1 is imposed on members of society. What type of externality is being...
I just completed a quiz. My study team mate are not available. I would like a tutor to review my quiz and provide me feedback on the question that I have wrong. why my answer is not the correct answer which answer is the answer.
Figure 18-2 ____44.Figure 18-2 shows the widget market before and after an excise tax is imposed. The revenue collected by the tax is ____.a.$8,000b.$50,000c.$100,000d.$150,000
Discuss an example of a regulatory measure (in any country) which was supposed to serve public interest, but in reality serves private interest.(Please related to the attached document guide and its contents should be in 20-25mins writting time)
oh goodness of course, here are the two papers. Problem of Social costs, http://www.sfu.ca/~allen/CoaseJLE1960.pdf and summary found here: http://www.bookrags.com/wiki/The_Problem_of_Social_Costand http://www.econ.ucla.edu/workingpapers/wp702.pdfI realize how time consuming this could be, even...
problem 3 in attach file