Externalities are only inefficient when they impose a cost. They are not inefficient when they bestow a benefit. Select one: True False

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A: Supply curve has a direct relationship with price of the good.

Q: 11 12 0.45 0.30 22 24 25 0.25 0.35 0.30 5 /unit /unit /unit 0.25 profit per unit for the base-case,…

A: DISCLAIMER “Since you have asked multiple questions, we will solve the first 3 subparts for you. If…

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Q: Question 2: Suppose a firm has the following production function: Q(L,K)= min{K, 2L} Recall that the…

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Q: Q) The market demand for the output is P = 80-Q, where Q is the output level and P is the price per…

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Q: The CPI in year 1 is 125, in year 2 is 130, and in year 3 is 135. What is the inflation rate in each…

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A: As given Production Function F(K, L) = ln(L) + K

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Q: Question 5: Suppose a brewery uses a Cobb-Douglas production function for his production. He studies…

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Q: $40 $75 $105 $220 1600 $300 $300 $300 $300 $300 $300 $300 1300 1300 $300 $100 $100 $100 $100 $100…

A: Here, Q quantity  VC variable cost  FC fixed cost TC total cost  MC marginal cost  MR marginal…

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A: Value of the marginal product is the demand for the input.

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