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Suburb A has a high burglary rate and they are considering the installation of anti-theft alarms. Each resident is willing to pay $30 for each additional anti-theft alarm installed in the suburb. There are 178 residents in the suburb. The marginal cost of installing another anti-theft alarm is 10 is the number of anti-theft alarm. The socially efficient number of anti-theft alarms to be installed in this suburb is
(In integers, please.)
Suppose the supply curve of oranges is P = 2.5Q . The free-market equilibrium price is $10. The government wants to impose a price ceiling at $2. As a result of this price control, we expect producer surplus to decrease by $
(In decimal numbers, with two decimal places, please.)
Debra is thinking about going to Disneyland with her friend. Debra is willing to pay HK$X to go to Disneyland. A ticket to Disneyland costs HK$428 and she will have to cancel her part-time job that pays HK$449. Normally, she would be unwilling to do the part-time job for less than HK$268. (Debra views the unpleasantness of the part-time job as an offset against her salary.) Debra will decide to go to Disneyland if and only if X is larger than or equal to
(In decimal numbers, with two decimal places, please.)
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