DSE 2012

[SoniaKapoor]

[Homer Simpson]

I got (a)

Social optimum = 16.67
Private optimum = 33.33

Take the nearest possible output options mentioned - (50 for private, 20 for social)

[vandita24x7]

A)
For competitive eqbm P=Mc1
For social optimum P = Mc1+ Mc2
Where P= 120-q

vandita

On 7 Jun 2014 11:32, "tsuki [via Discussion forum]" <[hidden email]> wrote:

(a) Social optimum = 16.67
     Private optimum = 33.33

Take the nearest possible output options mentioned - (50 for private, 20 for social)

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NAML

[SoniaKapoor]

Even i'm getting the same hence the doubt...are you sure we can round off??

[Homer Simpson]

the logic of calculation is correct - best thing would be to choose the option thats nearest when none seem to be exactly matching

[SoniaKapoor]

Thnxxx

[Homer Simpson]

Vandita, isnt electricity usually a good that is produced by a monopoly firm? i took MR = MC because of that. Could you clarify?

[vandita24x7]

Competitive eqbm output is asked not profit maximizing.

vandita

On 7 Jun 2014 12:06, "tsuki [via Discussion forum]" <[hidden email]> wrote:

Vandita, isnt electricity usually a good that is produced by a monopoly firm? i took MR = MC because of that. Could you clarify?

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NAML

[Homer Simpson]

 yeah, i am clear now. thank you!

[Homer Simpson]

Check Vandita's calculation. i've made a silly mistake.

[Shefali]

so we equate p=mc in such quest?