hwk6sec8

hwk6sec8 - Experiment 6 Section 8 Problem 6.1 Table 6.7:...

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Section 8 Problem 6.1 Table 6.7: Experimental Results in Session 1 Mean Price $22.86 Number of Lawn Ornaments Sold 21 Total Profits of Sellers from Transactions $137.00 Total Profits of Buyers from Transactions $220.00 Total Cost of Pollution $424.41 Total Profits of All Residents, Net of Pollution Costs -$67.41 Problem 6.2 Table 6.8 Mean Price $34.43 Number of Lawn Ornaments Sold 10 Total After-Tax Profits of Sellers from Transactions $24.25 Total Profits of Buyers from Transactions $40.75 Total Tax Revenue $200.00 Total Cost of Pollution $202.10 Total Profits and Tax Revenue of All Residents, Net of Pollution Costs $62.90 Problem 6.3 Table 6.9: Experimental Results in Session 3 Mean Price of Ornaments $981.41 Mean Price of Permits $15.77 Number of Lawn Ornaments Sold 11 Profits of Lawn Ornament Sellers from Transactions $10,444.00 Profits of Lawn Ornament Buyers From Transactions -$10,380.50 Total Revenue of Permit Sellers $173.50 Total Cost of Pollution $222.31 Total Profits of All Residents,
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This note was uploaded on 12/25/2011 for the course ECON 1 taught by Professor Bergstrom during the Fall '07 term at UCSB.

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hwk6sec8 - Experiment 6 Section 8 Problem 6.1 Table 6.7:...

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