Figure 2 reflects the market for outdoor concerts in a public park surrounded by residential neighborhoods. These concerts can get a little loud increase traffic in the area. Price Social Cost Supply (Private Cost) cid Demand Qo Quantity of Concerts P₁ Po b 9₁
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Refer to Figure 2
At the private market outcome, the
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- A customer has purchased one pack of 100 pairs of disposable face masks. The price of the second pack is $45, and the burer estitnated its net benefit from buying this second pack to exceed $50 What should the buyer do? Select one O a The buyer should not buy the second pack as buying the second packiwitl increase total benetts by less than total costs b. The buyer should not buy the second pack as buying the second pack will increase total benefits by more than total costs OC The buyer should buy the second pack because the marginal beneft of the second packit so igh that ts marginat cost does not mater umy more d. The buyer should buy the second pack because the marginal benefit of the second pack exceeds the marginal costplz choose correct option and do explain.A local fair charges a $15 entry fee and $1.75 per ride. Dustin has $35 to spend. What is the maximum number of rides Dustin can go on? a 8 b 11 C 12 d 20
- ANSWER LETTER A As a eco-tourism site, the Kubak crystal caves are renowned for their stalactites and stalagmites.The warden of the caves offers a tour each afternoon at 2pm sharp. The caves can be shown toonly four people per day without disturbing their fragile ecology. Occasionally, however, more thanfour people want to see the caves on the same day. The following schedule lists the people whowanted to see the caves on September 24, 2003, together with their respective times of arrival andreservation prices for taking the tour that day. Customers Arrival Time Reservation price Herman 1:48 P 20 Jon 1:50 14 Kate 1:53 30 Jack 1:56 15 Penny 1:57 40 Fran 1:59 12 Faith 2:00 17 a.) If the tour is “free” and the warden operates on a first-come, first-served basis, what will the total consumer surplus be for the four people who get to go on the tour that day? b.) Suppose the warden solicits volunteers to postpone their tour by offering increasing amounts of cash…Plz do itWhat is the nature product offered by a monoply?
- 1. Identify the curve that represents the regular gasoline vehicle and hence determine the range of annual mileage for which it is the most economical of the three vehicle types. A. between 37,000 and 49,000 B. more than 49,000 C. less than 37,000 D. more than 37,000 E. less than 25,000 F. between 25,000 and 37,000 G. between 25,000 and 49,000 2. Identify the curve that represents the hybrid vehicle and hence determine the range of annual mileage for which it is the most economical of the three vehicle types. A. between 25,000 and 49,000 B. between 37,000 and 49,000 C. between 25,000 and 37,000 D. less than 37,000 E. more than 37,000 F. more than 49,000 G. less than 25,000Time left 0:59:16 A colleague at work takes small amounts of IT supplies such as flash drive for her own personal use, saying that this is a tiny loss to the company. You tell her that if everyone were to take office supplies, then the loss would no longer be minimal. Your rationale expresses which of the following ethical issues: O a. Property issues O b. Accessibility issues O c. Accuracy issues O d. Privacy issues NEXT PAGE US PAGEComputer models of global climate changecaused by increasing carbon dioxide in the atmosphere predictnot only higher overall temperatures, but also more intense andfrequent heat waves. During the devastating European heatwave in the summer of 2003, between 35,000 and 52,000“excess deaths” occurred. Before taking specific actions toreduce carbon dioxide emissions, economists and politicians tryto estimate the costs. Should excess deaths be included as acost of inaction? If so, what value should we place on a life?
- Ans all.. otherwise don't giveAns all.. otherwise don't ansCompleted 17 out of 20 estion 14 of 20 > A network externality is an external cost or benefit generated from the O virtuous cycle. O production of a network good. consumption of a network good. O network effect. LAPTOP LOGIN cen PASSWORD: Browarg USERNAME: student