Exp6Sec8

Exp6Sec8 - Experiment 6 Section 8 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 8 Problem 6.1 Table 6.7: Experimental Results in Session 1 Mean Price $22.30 Number of Lawn Ornaments Sold 15 Total Profits of Sellers from Transactions $84.50 Total Profits of Buyers from Transactions $175.50 Total Cost of Pollution $300.90 Total Profits of All Residents, Net of Pollution Costs -$40.90 Problem 6.2 Table 6.8 Mean Price $33.88 Number of Lawn Ornaments Sold 8 Total After-Tax Profits of Sellers from Transactions $2.00 Total Profits of Buyers from Transactions $39.00 Total Tax Revenue $160.00 Total Cost of Pollution $160.48 Total Profits and Tax Revenue of All Residents, Net of Pollution Costs $40.52 Problem 6.3 Table 6.9: Experimental Results in Session 3 Mean Price of Ornaments $29.75 Mean Price of Permits $7.88 Number of Lawn Ornaments Sold 8 Profits of Lawn Ornament Sellers from Transactions $71.00 Profits of Lawn Ornament Buyers From Transactions $67.00 Total Revenue of Permit Sellers $63.00 Total Cost of Pollution $160.48 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

Exp6Sec8 - Experiment 6 Section 8 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