Jill sells bouquets made up of flowers that she grows in her backyard. Jill\'s m

Question

Jill sells bouquets made up of flowers that she grows in her backyard. Jill's marginal cost of producing bouquets is given by MC = 0.25Q, where Q is the number of bouquets she makes. Jill can sell all the bouquets she wishes at the local farmers' market for $6 per bouquet. Unfortunately, Jill's floriculture aggravates the allergies of her next-door neighbor, Cooper. Every bouquet that Jill grows produces 50 cents' worth of sneezes.
Suppose that Jill marries Cooper and now considers his external costs when making her production decision. Determine how many bouquets Jill should produce if she fully considers the costs she imposes on her new husband. 24 22 14 26 Jill sells bouquets made up of flowers that she grows in her backyard. Jill's marginal cost of producing bouquets is given by MC = 0.25Q, where Q is the number of bouquets she makes. Jill can sell all the bouquets she wishes at the local farmers' market for $6 per bouquet. Unfortunately, Jill's floriculture aggravates the allergies of her next-door neighbor, Cooper. Every bouquet that Jill grows produces 50 cents' worth of sneezes.
Suppose that Jill marries Cooper and now considers his external costs when making her production decision. Determine how many bouquets Jill should produce if she fully considers the costs she imposes on her new husband. 24 22 14 26

Explanation / Answer

MC = 0.25Q

Total price: $6

P=MC; 6= .25Q+.50

Q = 22 (after considering all costs)

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