Class Notes (836,148)
Canada (509,657)
York University (35,302)
Economics (1,721)
ECON 3340 (4)
Lecture

Questions Problem Set 2

1 Page
166 Views
Unlock Document

Department
Economics
Course
ECON 3340
Professor
Andrea Podhorsky
Semester
Winter

Description
Problem  Set  #2  (note  that  problems  listed  refer  to  the  2  edition  of  text)       Chapter  12:  #1  from  text  and  the  following  question.     #2.  Consider  the  market  for  electricity.    Suppose  demand  (in  megawatt  hours)  is   given  by  Q=50-­‐P  and  that  the  marginal  private  cost  of  generating  electricity  is  $10   per  megawatt  hour  (P  is  in  the  same  units).    Suppose  further  that  smoke  is   generated  in  the  production  of  electricity  in  direct  proportion  to  the  amount
More Less

Related notes for ECON 3340

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit