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Category > Economics Posted 22 Jun 2017 My Price 7.00

MPB of gasoline consumption

Suppose the MPB of gasoline consumption is 17-2q , the MPC of gasoline is constant 2 + 5Q , and the MSC of gasoline consumption is MSC = 2 + Q

a. What is the market equilibrium price and quantity of gasoline consumption/

b. What is the socially efficient price and quantity of gasoline consumption?

c. What is the deadweight loss at the market equilibrium?

d. What per-unit tax will yeild the socially efficient quantiyt of gasoline consumption?.

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SuperTutor
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Status NEW Posted 22 Jun 2017 01:06 AM My Price 7.00

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