-The Table Above Gives the Private Costs and External Costs

question 374

Essay

-The table above gives the private costs and external costs of producing paper.
a) Complete the table by finding the marginal social cost at each level of production.
b) If the market is competitive and is left unregulated and 400 tons of paper are produced, what is the price of a ton of paper?
c) If the government imposes a tax equal to the external cost at each level of production, what price would be charged if 400 tons are produced?

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A muscle of the upper arm that flexes the elbow and supinates the forearm.

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A bone in the forearm, extending from the lateral side of the elbow to the thumb side of the wrist.

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Persistent pain that lasts weeks to years, often beyond the expected period of healing.