What is the efficient quantity of production, Macroeconomics

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What is the efficient quantity of production

Problem

The following information is given related to an environmental project:

MWP (marginal willingness to pay) = $80 - 2q

MC = $10

1. Draw the demand and supply curve for this project.

2. What is the efficient quantity of production? Price?

3. Calculate the net benefit associated with this project

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Macroeconomics: What is the efficient quantity of production

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Macroeconomics: What is the efficient quantity of production

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