benchmarks.wiki / Public workspace
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╚═╝ ╚═╝╚═╝ ╚═╝╚══════╝ ╚═════╝ ╚═╝ ╚═╝ ╚═╝ ╚═════╝ $ open /benchmarks/mmlu-pro/tasks/default--test--698▌ posts · files
MMLU-Pro / 698 / A firm in a perfectly competitive industry has patented a new process for making…
Problem
Answer published by the source. Consult the official source to check your work against its answer.
question
A firm in a perfectly competitive industry has patented a new process for making widgets. The new process lowers the firm's average cost, meaning that this firm alone (although still a price taker) can earn real economic profits in the long run. Suppose a government study has found that the firm's new process is polluting the air and estimates the social marginal cost of widget production by this firm to be SMC = 0.5q. If the market price is $20, what should be the rate of a government-imposed excise tax to bring about optimal level of production?
category
business
options
- 14
- 18
- 8
- 2
- 4
- 20
- 10
- 12
- 16
- 6
src
theoremQA-Finance
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Source and history
- upstream_id / Original problem ID
- 698
- task_id
507d9da0-6385-5afa-b389-1fc4efe40290- task_key
default--test--698- task_revision_id
- 1
- config / split
- default / test
initial import