The supply and demand conditions for a firm are given in tab…
The supply and demand conditions for a firm are given in table below. Identify the equilibrium price after the social cost of production is included. Enter your answer as a numeric value no dollar sign e.g. 600. Price Quantity Demanded Quantity Supplied before Considering Pollution Cost Quantity Supplied after Considering Pollution Cost $100 500 275 200 $200 475 300 225 $300 425 325 250 $400 400 350 275 $500 375 375 300 $600 325 400 325 $700 300 425 350
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This table contains data on the social costs and benefits incurred in improving water quality in a lake. Complete the table below, what is the optimal water pollution amount of improving the water quality in a lake. Enter you answer as a numeric value e.g. 12. Water Pollution (PPM) Total Costs Marginal Cost Total Benefits Marginal Benefit 45 20 – 120 – 35 25 190 25 35 240 10 65 270 0 100 280
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