The city of Smallville is considering whether to build a new public swimming pool. This pool would have a capacity of 800 swimmers per day, and the proposed admission fee is $6 per swimmer per day. The estimated cost of the swimming pool, averaged over the life of the pool, is $4 per swimmer per day.

Smallville has hired you to assess this project. Fort unately, the neighbonng identical town of Edmonton already has a swimming pool with a capacity of 2,000 swimmers per day, and the town has randomly varied the price of that swimming pool to find how price affects us age. The results from their study follow:

price/day Number of swimmers/day
8 800
10 400
4 1,600
6 1,200

If the swimming pool is built as planned, what would be the net benefit per day from the wimming pool? What is the consumer surplus per day? What is the producer surplus per day?

Which of the following statements regarding the learning curve and economies of scale is accurate? answers: just as diseconomies of scale are presumed to exist if a firm gets too large, there is a corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.where diseconomies of scale are presumed to exist if a firm gets too large, there is no corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.where diseconomies of scale are presumed to exist if a firm gets too small, there is no corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.just as diseconomies of scale are presumed to exist if a firm gets too small, there is a corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.

The questions of economics address which of the following ? check all that apply

Under t, the point (0,2) gets mapped to (3,0). t-1 (x,y) →