Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 03 Mar 2018 My Price 5.00

annual net benefits

Consider the example presented in Figure 13-3. Imagine that the current price of waste disposal is $0.025/lb and the average waste disposal is 2.40 lb/p/d. As noted in the diagram, when the price was previously $0.01/lb, the average waste disposal was 2.52 lb/p/d. Assume that the marginal social cost of waste disposal is $0.06/lb, that marginal social costs are constant with respect to quantity, and that the town has a population of 100,000. a. Fitting a linear demand curve to the two observed points, calculate the annual net benefits of raising the price of waste disposal to $0.05/lb.

b. Fitting a constant elasticity demand curve to the observed points, calculate the annual net benefits of raising the price of waste disposal to $0.05/lb

 

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Maurice Tutor
(5)
Status NEW Posted 03 Mar 2018 09:03 PM My Price 5.00

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