Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Chapter 5, Problem 26APA

(a)

To determine

Identify the resource allocation method that is used to allocate highway resource in two different countries.

(b)

To determine

Identify the roles of marginal social cost, marginal social benefit, producer surplus, and consumer surplus in the allocation of highway resources in LA.

(c)

To determine

Identify the roles of marginal social cost, marginal social benefit, producer surplus, and consumer surplus in the allocation of highway resources in Singa.

(d)

To determine

Identify the efficient allocation of highway resource by limiting the drivers.

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