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markfaerman5408
17.12.2019 •
Business
Consider the example of household refuse collection in minneapolis. assume that the marginal social cost (msc) of collecting and disposing of it is $0.15/lb. suppose that in 2011 there was a fee of $0.05/lb being charged and the quatity of refuse collected was 2.5lb/p/d. suppose that in 2012 the fee was $0.1/lb and the quantity of refuse collected was 2.00lb/p/d. now, the government is planning to increase the fee in 2014 to $0.12/lb.(a) assuming a linear demand function, calculate the change in total surplus from an increase in the fee from $0.10/lb to $0.12/lb.(b) what is the optimal fee that would maximize social surplus?
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Ответ:
People buy policies so that they can be able to protect their properties and in case of any disaster they can cover it and get maybe new ir repaired properties. For instance, if you get involved in an accident and now your car is in a really bad condition your insurance policy can help you get a new car or repair the damaged car