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(Figure: External Marginal Cost II) Suppose the External Marginal Cost

Question 98

Multiple Choice

(Figure: External Marginal Cost II) Suppose the external marginal cost is constant at $5 per unit. Price (demand) equals social marginal cost at _____ units of output. (Figure: External Marginal Cost II) Suppose the external marginal cost is constant at $5 per unit. Price (demand) equals social marginal cost at _____ units of output. A) 3 B) 7 C) 6 D) 4


A) 3
B) 7
C) 6
D) 4

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