Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

At the fishing hole, people come from all around to catch fish to sell at the fish market. The total number of fish caught is F=10x-(x^2) where x is the number of fishermen. Suppose it costs each person $20 a day to fish and that fish sell for $10 each at the market. At the social optimum, how much would it hurt all the other fishermen (combined) if one more person started fishing?a) $30 b) $20 c) $10 d) $40

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9874578
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Microeconomics

Question two firms compete in a declining industry each

Question: Two firms compete in a declining industry. Each firm has three possible choices: 1) exit the industry immediately (and gets a payoff of O); 2) exit at the end of this quarter; 3) exit at the end of next quarter ...

Question a find the nash equilibrium and also explain how

Question: a. Find the Nash equilibrium (and also explain how you come up with this equilibrium) b. Explain the implication of this equilibrium with regard to its stability and its role as an efficient allocator of resour ...

Assignment demonstrate an understanding of the relevance of

Assignment: Demonstrate an understanding of the relevance of economic concepts within the healthcare sector. Cost and affordability are important factors in the successful delivery of healthcare to the people of this cou ...

Question a 5-year macrs class equipment that costs 50000

Question: A 5-year MACRS class equipment that costs $50,000 was sold for $15,000 after depreciating it for 3 years using MACRS. What is the amount of depreciation recapture? The response must be typed, single spaced, mus ...

Question you should draw a graph that depicts the situation

Question: You should draw a graph that depicts the situation below and use your picture to answer the questions. Assume that wages and prices are sticky and that we start at a long-run equilibrium. Assume that at this in ...

Question from earlier chapters you will recall that

Question: From earlier chapters you will recall that technological change shifts the average cost curves. Draw a graph showing how technological change could influence intra-industry trade. The response must be typed, si ...

Question investors sometimes fear that a high-risk

Question: Investors sometimes fear that a high-risk investment is especially likely to have low returns. Is this fear true? Does a high risk mean the return must be low? The response must be typed, single spaced, must be ...

Question analyze the various factors contributing to

Question: Analyze the various factors contributing to poverty and determine which single factor plays the most significant role. Provide a specific example to support your response. Discuss how developed nations contribu ...

Question suppose that the cost function is given by cg 100

Question: Suppose that the cost function is given by: C(g) 100 5g2 (a) Find the fixed and variable cost. (b) Find the marginal cost (c) Find the average cost and the average variable cost. (d) raw the relationship betwee ...

Question a deck has four cards the ace and deuce of hearts

Question: A deck has four cards: the ace and deuce of hearts, and the ace and deuce of spades. After a fair shuffle of the deck, two cards are dealt to Alice. 1.Alice then tells Bob "I have an ace". 2. She then says "I h ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As