Please what do we go when we were given TPC=10Q+1.5Q^2 MPB=100-2Q MEC=2Q Calculate 1) the output and price of dry cleaning if it is produced under perfect competition 2) determine the socially efficient price and output of dry cleaning 3) determine the tax that would result in a competitive market producing the socially efficient output 4) what is the net welfare gain to society from producing at the efficient outcome
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Your genuinely the GOAT
VERY helpful, thank you! My head started heating up when calculating the socially optimal outcome, but I paused, thought, then understood 🤯
Heartiest thank you sir it's amazing and tricky solution
Please what do we go when we were given TPC=10Q+1.5Q^2
MPB=100-2Q
MEC=2Q
Calculate
1) the output and price of dry cleaning if it is produced under perfect competition
2) determine the socially efficient price and output of dry cleaning
3) determine the tax that would result in a competitive market producing the socially efficient output
4) what is the net welfare gain to society from producing at the efficient outcome
Sir what about the triangle of 6-4(price) and 10-8(qty)
What does that signify
Really great !!!!!
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best channel on youtube for econmics numerical , sir what is yours qualification ?
god bless u
ur consumer surplus seems off... u included the dwl q.. believe it shld be x8
U ar smart
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Thanks sir
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