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-The Figure Above Shows the Market for Milk in Cowland

Question 188

Multiple Choice

-The figure above shows the market for milk in Cowland. A subsidy paid to producers of $1 per gallon of milk is introduced. If there are no external costs and no external benefits, the marginal benefit of the last gallon of milk consumed is A) $3.50 a gallon. B) $4.00 a gallon. C) $4.50 a gallon. D) $5.00 a gallon.
-The figure above shows the market for milk in Cowland. A subsidy paid to producers of $1 per gallon of milk is introduced. If there are no external costs and no external benefits, the marginal benefit of the last gallon of milk consumed is


A) $3.50 a gallon.
B) $4.00 a gallon.
C) $4.50 a gallon.
D) $5.00 a gallon.

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