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Janis enjoys loud music and is willing to pay $9 for the fir

Paper help Economics Janis enjoys loud music and is willing to pay $9 for the fir

Economics

Janis enjoys loud music and is willing to pay $9 for the fir

Janis enjoys loud music and is willing to pay $9 for the first sond… Show more Please answer and show all work> Janis enjoys loud music and is willing to pay $9 for the first sond and $1 less for each succeeding song ($8 for the second, $7 for the third and so on). for her dorm mates, the external cost from the noise pollution is $4 per song. Options for Abating Noise Pollution a. Suppose initially the price of songs is 40. How many songs will Janis play? Illustrate with a graph. b. Suppose the government imposes a pollution tax of $4 per song. How many songs will Janis play? Compute the loss in consumer surplus from the tax, which increases the price of songs from $0 to $4. c. Janis could soundproof her room, eliminating the noise pollution and her responsibility to pay the pollution tax. If the soundproofing costs $30, is it worthwhile? d. Janis could compensate her dormmates for each unit of noise pollution%u2014each song played. How much compensation would be required? From her perspective, is paying compensation better than paying the tax, worse or the same? • Show less

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