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    Essentials of Economics Study Set 3
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    Exam 10: Externalities
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    Figure 10-11 -Refer to Figure 10-11.On the
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Figure 10-11 -Refer to Figure 10-11.On the

Question 438

Question 438

Multiple Choice

Figure 10-11 Figure 10-11   -Refer to Figure 10-11.On the A)  260<sup>th</sup> unit of output,private value exceeds private cost. B)  260<sup>th</sup> unit of output,private value exceeds external value. C)  300<sup>th</sup> unit of output,private value exceeds social value. D)  300<sup>th</sup> unit of output,private cost exceeds social value.
-Refer to Figure 10-11.On the


A) 260th unit of output,private value exceeds private cost.
B) 260th unit of output,private value exceeds external value.
C) 300th unit of output,private value exceeds social value.
D) 300th unit of output,private cost exceeds social value.

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