Assume the Social Marginal Benefit of Remote-Control Drone Flights Is

question 61

Essay

Assume the social marginal benefit of remote-control drone flights is given by SMB = 200 - 2Q and the marginal cost is given by MC = 3Q + 50. Assuming there are no external benefits and in a perfectly competitive environment, the equilibrium price per flight would be _____ and the equilibrium number of flights would be _____.

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Definitions:

Inventory Turnover

Sales divided by total inventory.

Debt Utilization Ratios

Ratios that measure how much debt an organization is using relative to other sources of capital, such as owners’ equity.