Environmental Economics 6th Edition by Martha k Field,Barry Field

تمرين 2

Go back to question 2 in chapter 3. Suppose the marginal cost of producing this item is constant at $5 per item. What is the socially efficient rate of output?
Reference question 2 in chapter 3:
2. Below is the marginal willingness to pay of a consumer for organic apples.
a. What is this individual's total willingness to pay at a consumption level of 4 apples?
b. If the price of organic apples is $2.40, how many apples would this person consume?