MSC104MSB100200300400500600Quantity (dozens of doughnuts per day)18) The above figure shows the marginal social benefit and marginal social cost curves ofdoughnuts in the nation of Kaffenia. There is no external benefit. What is the marginal benefit tothe citizen of Kaffenia who consumes the 100th dozen doughnuts each day? [5 POINTS]A) $10.00 per dozenB) $8.00 per dozenC) $6.00 per dozenD) $4.00 per dozen19) The above figure shows the marginal social benefit and marginal social cost curves ofdoughnuts in the nation of Kaffenia. What is the marginal social cost to the economy of Kaffeniaof producing the 100th dozen doughnuts each day? [4 POINTS]A) $10.00 per dozenB) $8.00 per dozenC) $6.00 per dozenD) $4.00 per dozenMarginal cost and marginal benefit(dollars per dozen)

18) The above figure shows the marginal social benefit and marginal social cost curves of doughnuts in the nation of Kaffenia. There is no external benefit. What is the marginal benefit to the citizen of Kaffenia who consumes the 100th dozen doughnuts each day? [5 POINTS] A) $10.00 per dozen B) $8.00 per C) $6.00 per dozen D) $4.00 per dozen dozen 19) The above figure shows the marginal social benefit and marginal social cost curves of doughnuts in the nation of Kaffenia. What is the marginal social cost to the economy of Kaffenia of producing the 100th dozen doughnuts each day? [4 POINTS] A) $10.00 per dozen B) S8.00 per dozen C) $6.00 per dozen D) $4.00 per dozen

18) The above figure shows the marginal social benefit and marginal social cost curves of doughnuts in the nation of Kaffenia. There is no external benefit. What is the marginal benefit to the citizen of Kaffenia who consumes the 100th dozen doughnuts each day? [5 POINTS] A) $10.00 per dozen B) $8.00 per C) $6.00 per dozen D) $4.00 per dozen dozen 19) The above figure shows the marginal social benefit and marginal social cost curves of doughnuts in the nation of Kaffenia. What is the marginal social cost to the economy of Kaffenia of producing the 100th dozen doughnuts each day? [4 POINTS] A) $10.00 per dozen B) S8.00 per dozen C) $6.00 per dozen D) $4.00 per dozen

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 43P: A city currently emits 15 million gallons (MG) of raw sewage into a lake that is beside the city....

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1. Give examples of positive and negative production and consumption externalities. (4 examples in total)
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4. Cost-benefit analysis A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeling buildings, to make the campus more aesthetically pleasing.s and Thus, the visual appearance would For the students of the college, the visual appearance of the campus is be classified as a public good. Suppose the college administrators estimate that the beautification initiative will cost $2,040. To decide whether the initiative should be undertaken, administrators conduct a survey of the college's 420 students, asking each of them their willingness to pay for the beautification project. The average willingness to pay, as revealed by the survey, is $12. The benefit of the beautification initiative, as suggested by the survey, is $ Because the estimated benefit is than the cost, the college administrators undertake the beautification initiative. The calculation of the benefit of the beautification…