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- A competitive industry has production processes that generate pollution. okay with studies carried out on the affected population, the marginal costs associated with contamination are constant and 500 u.m. for each unit of the good produced. These costs are associated with lost working days, illness treatment costs and the nuisance generated in the population. Currently the production level of the industry is 250 units and the market price is 1500 (um/unit). Market studies carried out by the firms estimate that if the price rises at 1,800 (mu/unit) the quantity demanded would drop to 200 units and the marginal cost of production of each firm at this new production level is 1,300 (m.u./unit). assume linearity in market demand and in the marginal costs of production of the firms. Graph to justify your answers. b)Graphically indicate and determine the magnitude of the social cost of the situation with a production level of 250 units.qUESTION IS ATTACHEDI N SCREENSHOT BELOW THANKS FOR THE HLEP 13L6P4YP35YYETH[ RG[EPOnly 3.
- A competitive industry has production processes that generate pollution. ok with studies carried out on the affected population, the marginal costs associated with contamination are constant and CU500. for each unit of the good produced. these costs are associated with lost workdays, illness treatment costs, and the nuisance generated in the population. Currently the production level of the industry is 250 units and the market price is 1,500 (MU/unit). Market studies carried out by companies estimate that if the price rises At 1,800 (mu/unit) the quantity demanded would fall to 200 units and the marginal cost of the production of each company in this new production level is 1,300 (m.u./unit). Assume linearity in market demand and in the marginal costs of production of the companies Graph to justify your answers. A)Determine the optimal production level from the perspective of the whole of the society. Show your result graphically.the amount of cereal consumed by a member in a hotel varies directly as their number if 900k of cereal are needed in a month by 50 members. how many members will be need 2610kg of cerealA10. can you please provide full detailed solution
- max (-x2 - xy – y) subject to x-2ys-1 Find the actual solution (x, y)for the following problem. and 2x+ys2If the price of gas is less than $1 per gallon, how many gallons of gas would be supplied per week? $5 Price of gas ($ per $4 gallon) $3 $2 $1 $0 0 5 10 25 15 20 30 35 Quantity of gas supplied per week (millions of gallons) 40Prce per botie (S) The diagram to your right describes the per unit costs and revenues related to the monopoly firm NutriPowder Inc. NutriPowder Inc manufactures and sels a new food powder called NuriPowder that provides the consumer with all the essential nutnents and yet helps the consumer treduce his or her woight significantly Using the rectange drawing tool, draw the area that represents the weekly maximum total prote eamed by manufacturing and selling NutnPowder. Label it Profr. Note: if you are not prompted for a label then you have used the wrong drawing tool MC to ATC 41 20 112 MR 20 Quantity (Hundeds of bottes per week)
- A sheep farmer has 200 sheep in his flock. Helminthiasis is a problem in his flock & causes a mortality of 5% per year. He want to implement a strategic deworming by dosing his sheep two times a year. By doing so the farmer could be able to reduce the mortality due to helminthosis from 5% to 0%. The average price a sheep in the farm is 800 birr. When a sheep died due disease problem the skin can be sold at price of 100 birr per skin. The overall cost of deworming per year per sheep is 20 birr. Conduct economic analysis to determine whether strategic deworming is economically useful to the farm.X A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are C(x) = 73,000 + 80x and p(x) = 300 - 30 Osx<9000. (A) Find the maximum revenue. (B) Find the maximum profit, the production level that will realize the maximum profit, and the price the company should charge for each television set. (C) If the government decides to tax the company $4 for each set it produces, how many sets should the company manufacture each month to maximize its profit? What is the maximum profit? What should the company charge for each set?A firm has a marginal emissions benefit of 100-0.5*E in each of 2 years, where E measures emissions in tons. The marginal cost of emissions to society is 75/ton. The discount rate is 10% and the marginal cost of emissions also grows at 10% per year. The government decides to give the firm permits to emit 50 tons of emissions per year, but allows the firm to "bank" or "borrow" permits across the two years so that this effectively acts as a 100 ton cap on emissions over 2 years. How much will the firm emit in each year? If all firms are identical to the one you analyze here, is the government issuing too many or too few emission permits relative to the efficient level? How do you know?