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Exhibit 31-1 -Refer to Exhibit 31-L.If the Exhibit Represents a Negative Externality

Question 23

Multiple Choice

Exhibit 31-1
Exhibit 31-1 -Refer to Exhibit 31-l.If the exhibit represents a negative externality situation,the private cost of expanding output from Q<sub>1</sub> to Q<sub>2</sub> is the area of A) ABC. B) Q<sub>2</sub>BCQ<sub>1</sub>. C) Q<sub>2</sub>BAQ<sub>1</sub>. D) Q<sub>2</sub>EAQ<sub>1</sub>.
-Refer to Exhibit 31-l.If the exhibit represents a negative externality situation,the private cost of expanding output from Q1 to Q2 is the area of


A) ABC.
B) Q2BCQ1.
C) Q2BAQ1.
D) Q2EAQ1.

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