Suppose now (and note that this is very often the case in valuing benefits and costs of pollution and pollution abatement) that the government pollution control agency only was able to (accurately) evaluate a policy of getting X=3. The government is now considering whether to require policies leading to X=3 or remain at the status quo X=0 level. Assume that true benefits and costs are represented by (as in 3.1): LaTeX: B\left(X\right)\:=\:60X-3X^2B ( X ) = 60 X − 3 X 2 for benefits and LaTeX: C\left(X\right)=10X+2X^2C ( X ) = 10 X + 2 X 2 for costs. Based on this limited information, what should the government do? Does a policy that gets to X=3 improve net social benefit relative to the status quo of X=0? Is it efficient? Group of answer choices

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do

Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of:

Which of the following would classify as a general education requirement