Help W D ew History Bookmarks Profiles Tab Window Econ 201 Fall X + seattlecentral.edu/courses/2114327/quizzes/6313750/take/questions/130568881 Nike ESPN X Stockx Apple Pokemon h Hulu YouTube Seattle Central Unemployment 2K21 Build D Question 7 1 pts The following table describes the supply of mushrooms in a local market where from 1-8 mushroom hunters find mushrooms on public land and sell them at $20/kg. The opportunity cost of the mushroom hunters is valued at $15/hour ** If the mushroom hunters were each self-employed and acting in their individual best interest, how many would go out hunting given that new mushroom hunters cannot be excluded from the market if it benefits them to collect mushrooms? #mushroom hunters 1 2 3 4 5 6 8 #mushrooms collected (kg) 10 18 25 30 34 37 39 40 Total revenue @$20/kg 200 360 500 500 680 740 780 800 Total wages@$15/hour 120 240 360 480 600 720 840 960 Total revenue -total wages 80 120 140 120 80 20 -60 -160 (Total revenue -total 80 60 46.67 30 16 3.333 -20 wages)/person -8.571 This table can also be found in files/images/mushrooms.xIsx 14 W MacBook Airiew History Bookmarks Profiles Tab Window Help W Econ 201 Fall X + seattlecentral.edu/courses/2114327/quizzes/6313750/take/questions/130568882 he Nike ESPN X Stockx Apple Pokemon h Hulu YouTube Seattle Central Unemployment @ 2K21 Build D Question 8 1 pts The following table describes the supply of mushrooms in a local market where from 1-8 mushroom hunters find mushrooms on public land and sell them at $20/kg. The opportunity cost of the mushroom hunters is valued at $15/hour ** There is now a negative externality: a social cost where each mushroom hunter creates $20 of environmental damage.(i.e. 5 hunters = $100 in damage) ** Given the negative externality, if the mushroom hunters were each self-employed and acting in their individual best interest, how many would go out hunting given that new mushroom hunters cannot be excluded from the market if it benefits them to collect mushrooms?? #mushroom hunters 2 5 8 #mushrooms collected (kg) 10 18 25 30 34 37 39 40 Total revenue @$20/kg 200 360 500 500 680 740 780 800 Total wages@$15/hour 120 240 360 480 600 720 840 960 Total revenue -total wages 80 120 140 120 80 20 60 -160 (Total revenue -total 80 60 46.67 30 16 3.333 wages)/person -8.571 -20 This table can also be found in files/images/mushrooms.xIsx 14 13 itv A W MacBook Air