a. What is the marginal social cost when the total number of rides is 30? b. What
Question:
b. What is the marginal cost for each supplier when the total number of rides is 30 and how many rides does each of the firms supply?
The table gives the supply schedules of hot air balloon rides for the only sellers in the market, Xavier, Yasmin, and Zack.
Transcribed Image Text:
Quantity supplied (rides per week) (dollars per ride) Xavie YnZack 100 90 80 70 60 50 40 30 25 25 20 20 15 15 10 10 15 10
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (18 reviews)
a The quantity of rides supplied is 30 when the price is 70 per ride The marginal ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
With no government action to control pollution, what is the marginal social cost of the electricity generated and the deadweight loss created? The first two columns of the table show the demand...
-
What is the quantity of pesticide produced if no one owns the lake and what is the efficient quantity of pesticide? When factories produce pesticide, they also create waste, which they dump into a...
-
If the residents of the town own the lake, what is the quantity of pesticide produced and how much do residents of the town charge the factories to dump waste? When factories produce pesticide, they...
-
A test rocket is launched by accelerating it along a 200.0-m incline at 1.25 m/s2 starting from rest at point A (Figure 3.45.) The incline rises at 35.0o above the horizontal, and at the instant the...
-
A completely randomized design is utilized to compare four treatment means. The data are shown in the accompanying table. a. Given that SST = 36.95 and SS(Total) = 62.55, complete an ANOVA table for...
-
Retley Manufacturing makes three products: Gizmos, Whizmos, and Gadgets. The products sell for $50, $90, and $100, respectively. Each product requires processing on each of two machines. The grinding...
-
Assuming nominal annual yields of \(700,000,5,500,000\), and \(3,800,000 \mathrm{~kg} / \mathrm{km}^{2}\) for corn grain, sugar cane, and sweet sorghum respectively, which conversion pathway is the...
-
Anders Clothing manufactures embroidered jackets. The company uses a standard cost system to control manufacturing costs. The following data represent the standard unit cost of a jacket: Fixed...
-
In the definition of culture, the key words are values, belief , idea and feelings a) Explain how each of those words fit in the definition of culture. b) Discuss the importance of those words in the...
-
Carlton Manufacturing Company provided the following details about operations in February: The company also provided details regarding the balances in the inventory accounts at the beginning and end...
-
a. Construct the market supply schedule. b. What are the minimum prices that Xavier, Yasmin, and Zack are willing to accept to supply 20 rides? Why? The table gives the supply schedules of hot air...
-
When the price is $70 a ride, what is each firms producer surplus? What is the market producer surplus? The table gives the supply schedules of hot air balloon rides for the only sellers in the...
-
Assume you are interested in buying a car. You can find information about financing and insurance for cars at autos.msn.com or autobytel.com. Decide what car you want to buy. Configure your car by...
-
Suppose that Jacobs allowance in problem 10A.4 climbs from $5 to $10 per week. a. Show how the increased allowance alters Jacobs budget constraint. b. Draw a set of indifference curves showing how...
-
You must install an orifice meter in a pipeline to measure the flow rate of $35.6^{\circ} \mathrm{API}$ crude oil at $80^{\circ} \mathrm{F}$. The pipeline diameter is $18 \mathrm{in}$. sch 40 , and...
-
You have a sample of crushed coal containing a range of particle sizes from 1 to $1000 \mu \mathrm{m}$ in diameter. You wish to separate the particles according to size by entrainment, in which they...
-
Your new car is reported to have a drag coefficient of 0.3. If the cross-sectional area of the car is $20 \mathrm{ft}^{2}$, how much horsepower is used to overcome wind resistance at $40...
-
A liquid with a viscosity of $25 \mathrm{cP}$ and an $\mathrm{SG}$ of 0.87 is pumped from an open tank to another tank in which the pressure is $15 \mathrm{psig}$. The line is $2 \mathrm{in}$. sch 40...
-
The following exercises are based on the Bait Box Puzzle, featured in an Ask Marilyn column in Parade Magazine. Write an equation that describes the situation depicted in FIGURE B. Use the same three...
-
2. Assume a person bends forward to lift a load "with his back" as shown in Figure P12.42a. The person's spine piv- ots mainly at the fifth lumbar vertebra, with the principal supporting force...
-
By maintaining their current growth rates, which country will double its 2010 standard of living first? Chinas real GDP per person was 9,280 yuan in 2009 and 10,110 yuan in 2010. Indias real GDP per...
-
Is faster economic growth always a good thing? Argue the case for faster growth and the case for slower growth. Then reach a conclusion on whether growth should be increased or slowed.
-
Makani Power aims to generate energy from what are known as high-altitude wind-extraction technologies. And thats about all its 34-year-old Aussie founder, Saul Griffith, wants to say about it. But...
-
It is anticipated that Jack Security will continue to generate $300 in cash flow in the near future. Jack's cost of equity capital is thirty percent, and the company is fully financed by equity. The...
-
A thin coil at the origin of the coordinate system has 1 0 0 turns, radius 1 . 4 cm and current 2 A . the magnetic field due to the coil at points on a circle in the xy plane with radius...
-
Image transcription text Problem 1: Consider the figure below. A block of weight "W? slides on a horizontal surface with a coefficient of Coulomb friction =f". It is attached on its left face to a...
Study smarter with the SolutionInn App