1)a. what is the profit maximizing quantity of the good for The industry (Q1) when it is not forced to consider the externality? The profit-maximizing quanity for the industry (Q1) is:b. what is the profit maximizing quantity for the representative individual firm (q1)? puestion Completion Status:The following graphs show the aggregate market and a representative individual firm in industry Y:Aggregate MarketIndividual FirmSwith damage costMSC1413P13Swithoutdamagecost1212MC1111-1010Damage costDamage cost1918D- MRDemand2,000 4,000 6,000 8,000 10,000 12,0003456 7 89 10 11 12QuantityQuantityick Save and Submit to save and submit. Click Save All Answers to save all answers.Price

Externality refers to spill-over effect of a good on third party which is not involved in either…

a. what is the profit maximizing quantity of the good for The industry (Q1) when it is not forced to consider the externality? The profit-maximizing quanity for the industry (Q1) is: b. what is the profit maximizing quantity for the representative individual firm (q1)?

a. what is the profit maximizing quantity of the good for The industry (Q1) when it is not forced to consider the externality? The profit-maximizing quanity for the industry (Q1) is: b. what is the profit maximizing quantity for the representative individual firm (q1)?

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 6SQ

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Question

a. what is the profit maximizing quantity of the good for The industry (Q1) when it is not forced to consider the externality? The profit-maximizing quanity for the industry (Q1) is:

b. what is the profit maximizing quantity for the representative individual firm (q1)?

puestion Completion Status:
The following graphs show the aggregate market and a representative individual firm in industry Y:
Aggregate Market
Individual Firm
Swith damage cost
MSC
14
13
P13
Swithout
damage
cost
12
12
MC
11
11-
10
10
Damage cost
Damage cost
19
18
D- MR
Demand
2,000 4,000 6,000 8,000 10,000 12,000
3456 7 89 10 11 12
Quantity
Quantity
ick Save and Submit to save and submit. Click Save All Answers to save all answers.
Price

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