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If the Marginal Private Cost of Producing One Kilowatt of Power

Question 4

Multiple Choice

If the marginal private cost of producing one kilowatt of power in South Australia is ten cents and the marginal social cost of each kilowatt is fourteen cents, then the marginal external cost equals ________ per kilowatt.


A) ten cents
B) nineteen cents
C) fourteen cents
D) four cents
E) zero cents

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