Top Posters
Since Sunday
6
l
6
5
n
5
N
5
m
5
j
4
s
4
4
c
4
r
4
m
4
New Topic  
Lopezj273 Lopezj273
wrote...
Posts: 324
A week ago

Question 1.

Figure 11.2.1
Chemical Fertilizer Market




Figure 11.2.1 shows the marginal social benefit from using fertilizer and the marginal private cost and marginal social cost of producing fertilizer. There

▸ are negative externalities of $10 per unit.

▸ are positive externalities of $20 per unit.

▸ are no externalities.

▸ are negative externalities of $20 per unit.

▸ is not enough information to determine if there are externalities.

Question 2.

Figure 11.2.1
Chemical Fertilizer Market




Figure 11.2.1 shows the marginal social benefit from using fertilizer and the marginal private cost and marginal social cost of producing fertilizer. The marginal private benefit is the same as the marginal social benefit. If the market is unregulated, how many units are produced?

▸ 1

▸ 2

▸ 3

▸ 4

▸ 5
Textbook 

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
Read 52 times
11 Replies
Replies
Answer verified by a subject expert
Kutthroat KaneKutthroat Kane
wrote...
Posts: 324
A week ago
Sign in or Sign up in seconds to unlock everything.

Answer 1

are negative externalities of $20 per unit.

Answer 2

4
1

Related Topics

wrote...
A week ago
This site is awesome!
wrote...
A week ago
Slight Smile Good luck on the rest
wrote...
A week ago

Question 1.

Figure 11.2.1
Chemical Fertilizer Market




Figure 11.2.1 shows the marginal social benefit from using fertilizer and the marginal private cost and marginal social cost of producing fertilizer. The marginal private benefit is the same as the marginal social benefit. If the market is unregulated, what is the market-clearing price per unit?

▸ $10

▸ $20

▸ $30

▸ $40

▸ $50

Question 2.

Figure 11.2.1
Chemical Fertilizer Market




Figure 11.2.1 shows the marginal social benefit from using fertilizer and the marginal private cost and marginal social cost of producing fertilizer. The marginal private benefit is the same as the marginal social benefit. If the market is unregulated, the marginal

▸ private cost is greater than the marginal social benefit.

▸ social cost equals the marginal private benefit.

▸ social cost equals the marginal private cost.

▸ private cost equals the marginal social benefit.

▸ private cost is less than the marginal social benefit.
wrote...
A week ago

Answer 1

$40

Answer 2

private cost equals the marginal social benefit.
wrote...
A week ago
Figure 11.2.1
Chemical Fertilizer Market




Figure 11.2.1 shows the marginal social benefit from using fertilizer and the marginal private cost and marginal social cost of producing fertilizer. The marginal private benefit is the same as the marginal social benefit. If the market is unregulated, the

▸ quantity produced is the smart social choice.

▸ marginal social cost is maximized.

▸ marginal social benefit is minimized.

▸ quantity produced is less than the smart social choice.

▸ quantity produced is greater than the smart social choice.
wrote...
A week ago
quantity produced is greater than the smart social choice.
wrote...
A week ago
Thank you, thank you, thank you!
wrote...
A week ago
You're welcome
wrote...
A week ago

Question 1.

Figure 11.2.2
Chemical Fertilizer Market




Figure 11.2.2 shows the marginal social benefit from using fertilizer and the marginal private cost and marginal social cost of producing fertilizer. The marginal private benefit is the same as the marginal social benefit. If the market is unregulated, how many tonnes are produced?

▸ 1

▸ 2

▸ 3

▸ 4

▸ 5

Question 2.

Figure 11.2.2
Chemical Fertilizer Market




Figure 11.2.2 shows the marginal social benefit from using fertilizer and the marginal private cost and marginal social cost of producing fertilizer. The marginal private benefit is the same as the marginal social benefit. If the market is unregulated, the marginal

▸ social cost is $120 a tonne.

▸ external cost is $140 a tonne.

▸ external cost is $0.

▸ private cost is $60 a tonne.

▸ external cost is $60 a tonne.
wrote...
A week ago

Answer 1

4

Answer 2

external cost is $60 a tonne.
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  156 People Browsing
 175 Signed Up Today
Your Opinion
What's your favorite coffee beverage?
Votes: 70

Previous poll results: Who's your favorite biologist?
Related Images
 693
 8773
 109