Microeconomics (2nd Edition) (Pearson Series in Economics)
Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
Question
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Chapter 9, Problem 9P

(a)

To determine

The total social cost of 100 people using the road at rush hour.

(b)

To determine

The total marginal cost of 101 people using the road at rush hour.

(c)

To determine

The toll amount in the rush hour.

(d)

To determine

The toll rate at noon.

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