Suppose for a given market that the MWTP = 300

Question

Suppose for a given market that the MWTP = 300 - 0.5Q^D and MC = 50 + 2Q^S.Assuming all market and non-market values are incorporated into these equations,the MWTP at the socially efficient level of output is equal to ________.

Quizplus · Accepted Answer

The Answer of Suppose for a given market that the MWTP = 300 - 0.5Q^D and MC = 50 + 2Q^S.Assuming all market and non-market values are incorporated into these equations,the MWTP at the socially efficient level of output is equal to ________.