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Economics 2151B - Lecture 22.docx

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Department
Economics
Course
Economics 2150A/B
Professor
Kristin Denniston
Semester
Winter

Description
Economics 2151B Monday March 31 Lecture 22 Chapter 17 – Externalities and Public Goods (con’t) Homework 5 • Due Tues Apr. 8 • Chapter 16 and 17 Example - p. 5, 17.2: Figure 17.3 • Pollution – a negative externality in production o Marginal Social Cost (MSC) = MPC + MEC (externality per unit) • Given: d o Demand – p = 24 - Q o Supply – MPC = 2 + Q o MEC cur
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