Recent Posts • Latest Topics • Unanswered Questions

Ms. Moneynickel has a monopoly in oil refinement in the local market. The demand for Ms. ...

corie

wrote...

Go to Answer

Posts: 767

Rep:

7 years ago

Ms. Moneynickel has a monopoly in oil refinement in the local market. The demand for Ms. ...

Ms. Moneynickel has a monopoly in oil refinement in the local market. The demand for Ms. Moneynickel's oil is: P = 65 - q. The relevant marginal revenue function is: MR(q) = 65 - 2q. Ms. Moneynickel's marginal cost function is: MC(q) = 8. In the refinement of oil, Ms. Moneynickel emits pollution that has the marginal external cost function: MEC(q) = 2. What level of output will Ms. Moneynickel select to maximize profits? What is the marginal social cost of Ms. Moneynickel's profit maximizing output? What do consumers pay for Ms. Moneynickel's refined oil? Is this level of output efficient? Should more or less oil be refined to reach the optimum output level? Should the local government charge Ms. Moneynickel a pollution fee for each unit of oil she refines?

Textbook

Microeconomics

Edition: 8^th

Author: Pindyck

Read 131 times

1 Reply

Report

Replies

Answer verified by a subject expert

oracledarren

wrote...

Posts: 455

Rep:

7 years ago

More solutions for this book are available here

This verified answer contains over 120 words.

Report

Related Topics

corie Author

wrote...

7 years ago

Thanks

tcat

wrote...

Yesterday

Thanks

ethom947

wrote...

2 hours ago

This helped my grade so much Perfect

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1248 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Related Images

390

1287

526

Your Opinion

Previous poll results: How often do you eat-out per week?

Courses by Biology Forums

Strange Ingredients Lurking in Doritos Chips

Bonobos, Chimpanzees, and the 98% DNA Link

The Toxic Skin and Fungi Defense

It's sore throat season, why does my mucus have red spots?

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2025 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.