A firm produces microwaves for $90 each, including external costs of $14 per unit. A new production technology reduces pollution, so the external costs decrease to $7 per unit. The quantity supplied increases, and the firm's private costs of production decrease by $9. What is the price of a microwave after the firm starts using the new technology? Write the exact answer. Do not round.

A firm produces microwaves for $90 each, including external costs of $14 per unit. A new production technology reduces pollution, so the external costs decrease to $7 per unit. The quantity supplied increases, and the firm's private costs of production decrease by $9. What is the price of a microwave after the firm starts using the new technology? Write the exact answer. Do not round.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 8SCQ: Four films called Elm, Maple, Oak, and (Shelly, produce wooden chairs. However, they also produce a...

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A firm produces microwaves for $90 each, including external costs of $14 per unit. A new production technology
reduces pollution, so the external costs decrease to $7 per unit. The quantity supplied increases, and the firm's
private costs of production decrease by $9.
What is the price of a microwave after the firm starts using the new technology? Write the exact answer. Do not
round.

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