Let A be the value of a visit to the aquarium and let Icirc middot be the elasticity of A with respect to the number of visitors (That is, Icirc middot is the elasticity of the lightly colored curve in Exhibit ) Measuring Externalities Show that the optimal admission fee isA Icirc middot MCsocial P...

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Let A be the value of a visit to the aquarium and let Î· be the elasticity

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Let A be the value of a visit to the aquarium and let Î· be the elasticity of A with respect to the number of visitors. (That is, Î· is the elasticity of the lightly colored curve in Exhibit.)
Measuring Externalities

Show that the optimal admission fee isA|Î·|.

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Price theory and applications

ISBN: 978-0538746458

8th edition

Authors: Steven E landsburg

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Question Posted: Jan 24, 2013 08:21 AM

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Let A be the value of a visit to the aquarium and let Î· be the elasticity

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MCsocial Price ($/car) MCprivote Quantity (cars)

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When the last dwarf enters the forest he reduces the number of apples picked ...View the full answer

Price theory and applications

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