The private marginal benefit of a product's consumption is PMB = 200 - 2Q, and the private marginal cost of its production is PMC = 2Q. The marginal external damage of this good's production is MD = 4Q. The government imposes a tax on each unit sold in an effort to internalize the externality. How high should the tax be set in order to achieve the social optimum?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The private marginal benefit of a product's consumption is PMB = 200 - 2Q, and the private marginal cost of its production is PMC = 2Q. The ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A limitation on fiscal policy is time. which of the following does not impact the timeliness of fiscal policy?
Answers (1)
When Rebopy, a network service provider, started providing 4G data services, it attracted a large number of customers because of the high speed and cost effectiveness of Rebopy's services.
Answers (1)
When you retire you expect to live for another 30 years. During those 30 years you want to be able to withdraw $4,000 at the beginning of every month for living expenses.
Answers (1)
The Gomez Trust is required to distribute $80,000 annually, split equally between its two income beneficiaries, Lara and Byron. If trust income is not sufficient to pay these amounts, the trustee can invade corpus to the extent necessary.
Answers (1)
A person is taking a poll to determine the most popular movie in his neighborhood. he decides to stand outside the local theater and ask the first 10 people that exit the theater. random convenience cluster stratified systematic
Answers (1)
New Questions in Business
A zoo animal with an infectious disease needs to be If there is no means to keep the animal in.
Answers (1)
According to IFRS, all of the following pieces of information about property, plant, and equipment must be disclosed in a company's financial statements and footnotes except for: a. useful lives. b. acquisition dates. c. amount of disposals
Answers (2)
Although Elton Mayo originally intended to collect data for a traditional scientific management study, his breakthrough research led to further research on the kinds of things that drive employees to successfully meet and exceed productivity goals
Answers (1)
If the 10-year Treasury bond rate is 5.3 % , the inflation premium is 2.8 % , and the maturity-risk premium on 10-year Treasury bonds is 0.
Answers (1)
It takes a total of 475 seconds for one technician to assemble one airrules smart phone, working alone.
Answers (1)