3. Contideration between smoker poter and stranded by the following grape Paliw Pole 10 Map MCpl controlled by pegarter

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3 Contideration Between Smoker Poter And Stranded By The Following Grape Paliw Pole 10 Map Mcpl Controlled By Pegarter 1 (21.51 KiB) Viewed 44 times

3 Contideration Between Smoker Poter And Stranded By The Following Grape Paliw Pole 10 Map Mcpl Controlled By Pegarter 2 (48.58 KiB) Viewed 44 times

3 Contideration Between Smoker Poter And Stranded By The Following Grape Paliw Pole 10 Map Mcpl Controlled By Pegarter 3 (48.58 KiB) Viewed 44 times

3. Contideration between smoker poter and stranded by the following grape Paliw Pole 10 Map MCpl controlled by pegarter and free) polluted has the right to be consilie, he has the right pollution) Fit under gratis, the poll pollut were for surplus Ahe final townsho as total surplu) Under go, polver pays 55 I have the right to make some de pole wept this offer). Find this case the pollute ponude Explain the social welfare standartini,
3. Consider a situation between a smoker (polluter) and a bystander (pollutee) represented by the following graph: Polluter Pollutee 10 MB polluter MC pollutee 0 20 Amount of cigarettes smoked by polluter (cigarettes are free) a. Assume the pollutee has the right to breath clean air (i.c., he has the right to no pollution). Find: under no negotiation, the polluter and pollutee welfare (or surplus). Also find total welfare (known also as total surplus). b. Under negotiation, polluter pays $5 to have the right to smoke a cigarette (assume the pollutee accepts this offer). Find in this case the polluter, pollutee, and total surplus. c. Explain if the social welfare (total surplus) under negotiation increases and, if so, why.