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University

10 Qs

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Assessment

Quiz

Mathematics, Social Studies

University

Practice Problem

Easy

Created by

Əhliman Qasımov

Used 2+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Let MAC = 4 – E. In which case the area of the TAC is maximum?

E=0

E=1

E=2

E=3

E=4

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Assume that (P)_t=8-Q_t, MC=3, r=0.1 and λ=3. Also assume that the marginal cost of renewable resource is 6. Find the first period price and chock quantity.

6 and 2

8 and 2

1 and 2

6 and 4

8 and 4

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Assume that fishery has property right to use the river. Let MAC=300-5E and MD=E. Find the max value of net gain for chemical company

6428

4286

8462

8426

2648

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Assume that chemical company has property right to use the river. Let MAC=70-2E, MD=3E. Find the net gain for chemical company at the social efficient point.

441

144

114

401

104

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Let MD=2E and MAC=150-E. When the value of net social gain is maximum?

Standard=30

Standard=50

Standard=20

Standard=75

Standard=25

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Let MAC1=60-5E1, MAC2=12-E2 and emission standard is 6 tons. Apply cost-effective individual standard and find the TAC for second firm

50

100

10

30

12

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Let MAC1=60-5E1, MAC2=12-E2 and emission standard is 6 tons. Apply uniform standard and find the TAC for first firm

90

60

12

6

5

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