O c. $7. d. $38. Quantity Private Value Private Cost External Cost (Units) (Dollars) (Dollars) (Dollars) 46 21 6 44 24 6 42 27 6 40 30 6 38 33 6 36 36 6 34 39 6 Om Icon Ka 1 2 3 Refer to Table 10-4. The social cost of the 2nd unit of output that is produced is O a. $23. b. $30. 4. 5 6 7

O c. $7. d. $38. Quantity Private Value Private Cost External Cost (Units) (Dollars) (Dollars) (Dollars) 46 21 6 44 24 6 42 27 6 40 30 6 38 33 6 36 36 6 34 39 6 Om Icon Ka 1 2 3 Refer to Table 10-4. The social cost of the 2nd unit of output that is produced is O a. $23. b. $30. 4. 5 6 7

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 22RQ: What are better-defined property rights and what incentive do they provide to account for external...

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Question

a. $23.
Ob. $30.
O c. $7.
O d. $38.
$
Refer to Table 10-4. The social cost of the 2nd unit of output that is produced is
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F4
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R
с
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%
5
F6
Quantity Private Value Private Cost External Cost
(Units) (Dollars)
(Dollars)
(Dollars)
21
6
24
6
27
30
33
36
39
6
1
2
3
4
5
6
7
Y
F7
&
7
46
44
42
40
38
36
34
U
F8
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8
A
F9
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9
F10
6
6
6
6
6
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+
F12
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