Mathematics, 16.02.2021 14:00, bbyarxi
A firm's total cost C is given by: C=4X^2
Where C is the level of output and C is the cost. The firm can sell any number of units of output at a price 64.However, production inflicts damage on the firm's neighbours. The total damage D inflicted depends on the firm's output: D=4X +X^2
a) Assume the firm has the property rights
(I) in the absence of an agreement with its neighbours, what would its level of output be?
(II) Suppose that the neighbour's negotiate with the firm. To what level of output would the negotiations lead?
(III) What is the minimum payment that the neighbours must pay to the firm to achieve this change in output
(IV) What is the maximum payment that the neighbours must make to the firm to achieve this change in output
b) Assume that the neighbours have property rights
(I) In the absence of an agreement between the firm and its neighbours, what would the level of output be?
(II) If an agreement between the firm and its neighbours is negotiated, what are the smallest and largest payments that the firm would have to make?
Answers: 2
Mathematics, 21.06.2019 19:00, notsosmart249
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Mathematics, 22.06.2019 00:30, kitykay2399
An unknown number x is at most 10. which graph best represents all the values of x? number line graph with closed circle on 10 and shading to the right. number line graph with open circle on 10 and shading to the right. number line graph with open circle on 10 and shading to the left. number line graph with closed circle on 10 and shading to the left.
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A firm's total cost C is given by: C=4X^2
Where C is the level of output and C is the cost. The fir...
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