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corie corie
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7 years ago
Matthew drives a truck for Overtheroad Haulers.  Matthew's marginal benefit for driving per day is: MB(m) = 2,400 - 2m, where m is the number of miles driven.  The marginal social cost per mile is MSC(m) = 2m.  Calculate the efficient number of miles driven for Matthew in a day.  Since Overtheroad Haulers has full insurance on Matthew's truck, Matthew's personal marginal cost is:  MPC(m) = m.  How many miles per day will Matthew drive?  Would it be efficient for society if Overtheroad Haulers places a limit on the number of miles Matthew drives?  If so, what limit should they set?
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Microeconomics

Microeconomics


Edition: 8th
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Bart_argBart_arg
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corie Author
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7 years ago
Thank you, thank you, thank you!
husne
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Yesterday
This helped my grade so much Perfect
mikeh209
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2 hours ago
this is exactly what I needed
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