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Fig A Fig B 28 28 MSC 24 24 S=MC 20 20 16 16 S=MC 12 12 8. 8. MSB D=MB D=MB 1 5 9 13 17 4 8 24 a 21 25 Q 12 16 20 . Which of the following statements are TRUE? (a) In Figure A the external cost of the 11th unit of the good is $4. (b) In Figure A the market equilibrium, without considering externalities, would be at Q=13, P-$16. (c) In Figure B the allocatively efficient equilibriums would be at Q=8, P-$10 (d) In Figure A, the external cost of the 13th unit of the good is $12. (e) All the above P.

Fig A Fig B 28 28 MSC 24 24 S=MC 20 20 16 16 S=MC 12 12 8. 8. MSB D=MB D=MB 1 5 9 13 17 4 8 24 a 21 25 Q 12 16 20 . Which of the following statements are TRUE? (a) In Figure A the external cost of the 11th unit of the good is $4. (b) In Figure A the market equilibrium, without considering externalities, would be at Q=13, P-$16. (c) In Figure B the allocatively efficient equilibriums would be at Q=8, P-$10 (d) In Figure A, the external cost of the 13th unit of the good is $12. (e) All the above P.

Economics (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information
Section: Chapter Questions
Problem 8QP
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Fig A Fig B P. 28 28 MSC 24 24 S=MC 20 20 16 16 S=MC 12 12 8. 8. MSB 4 D=MB D=MB 5 9 13 25 Q 20 24 a 17 21 12 16 09. Which of the following statements are TRUE? (a) In Figure A the external cost of the 11th unit of the good is $4. (b) In Figure A the market equilibrium, without considering externalities, would be at Q=13, P=$16. (c) In Figure B the allocatively efficient equilibriums would be at Q=8, P=$10 (d) In Figure A, the external cost of the 13th unit of the good is $12. (e) All the above
Transcribed Image Text:Fig A Fig B P. 28 28 MSC 24 24 S=MC 20 20 16 16 S=MC 12 12 8. 8. MSB 4 D=MB D=MB 5 9 13 25 Q 20 24 a 17 21 12 16 09. Which of the following statements are TRUE? (a) In Figure A the external cost of the 11th unit of the good is $4. (b) In Figure A the market equilibrium, without considering externalities, would be at Q=13, P=$16. (c) In Figure B the allocatively efficient equilibriums would be at Q=8, P=$10 (d) In Figure A, the external cost of the 13th unit of the good is $12. (e) All the above
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