Multiple Choice
Figure 10-11
-Refer to Figure 10-11. Which of the following statements is correct?
A) The private value of the 420th unit of output is $15.
B) The social value of the 420th unit of output is $42.
C) The external benefit of the 420th unit of output is $27.
D) All of the above are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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