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28 Oct 2020
Using the table below, answer the question.
Quantity
Marginal private cost ($)
Marginal private benefit ($)
Marginal social benefit ($)
500
10
14
16
550
11
13
15
600
12
12
14
650
13
11
13
700
14
10
12
6. The efficient level of output is
a. 550.
b. 600.
c. 650.
d. 700.
Using the table below, answer the question.
Quantity | Marginal private cost ($) | Marginal private benefit ($) | Marginal social benefit ($) |
500 | 10 | 14 | 16 |
550 | 11 | 13 | 15 |
600 | 12 | 12 | 14 |
650 | 13 | 11 | 13 |
700 | 14 | 10 | 12 |
6. The efficient level of output is
a. 550.
b. 600.
c. 650.
d. 700.
Raushan RajLv8
28 Oct 2020