hwk6sec7

hwk6sec7 - Experiment 6 Section 7 Problem 6.1 Table 6.7...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Section 7 Problem 6.1 Table 6.7: Experimental Results in Session 1 Mean Price $22.22 Number of Lawn Ornaments Sold 18 Total Profits of Sellers from Transactions $111.00 Total Profits of Buyers from Transactions $190.00 Total Cost of Pollution $362.88 Total Profits of All Residents, Net of Pollution Costs -$61.88 Problem 6.2 Table 6.8 Mean Price $30.79 Number of Lawn Ornaments Sold 12 Total After-Tax Profits of Sellers from Transactions -$56.50 Total Profits of Buyers from Transactions $65.50 Total Tax Revenue $240.00 Total Cost of Pollution $241.92 Total Profits and Tax Revenue of All Residents, Net of Pollution Costs $7.08 Problem 6.3 Table 6.9: Experimental Results in Session 3 Mean Price of Ornaments $27.33 Mean Price of Permits $6.44 Number of Lawn Ornaments Sold 9 Profits of Lawn Ornament Sellers from Transactions $41.00 Profits of Lawn Ornament Buyers From Transactions $54.00 Total Revenue of Permit Sellers $58.00 Total Cost of Pollution $181.44 Total Profits of All Residents,
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/25/2011 for the course ECON 1 taught by Professor Bergstrom during the Fall '07 term at UCSB.

Page1 / 3

hwk6sec7 - Experiment 6 Section 7 Problem 6.1 Table 6.7...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online