Solved

-In the Figure Above, S Is the Supply Curve and D

Question 353

Multiple Choice

-In the figure above, S is the supply curve and D is the demand curve in the unregulated, competitive market for gasoline in Motorland. The external cost of gasoline is constant at $1.50 per gallon. The efficient quantity of gasoline to sell in Motorland is A) 1.7 million gallons per month. B) 1.8 million gallons per month. C) 1.6 million gallons per month. D) 1.9 million gallons per month.
-In the figure above, S is the supply curve and D is the demand curve in the unregulated, competitive market for gasoline in Motorland. The external cost of gasoline is constant at $1.50 per gallon. The efficient quantity of gasoline to sell in Motorland is


A) 1.7 million gallons per month.
B) 1.8 million gallons per month.
C) 1.6 million gallons per month.
D) 1.9 million gallons per month.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q348: If a local fishing club spends time

Q349: The marginal social cost of burning garbage

Q350: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above figure

Q351: The cost of producing an additional unit

Q352: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above

Q354: The market price of an individual transferable

Q355: An example of an externality occurs when

Q356: The marginal social cost of production is

Q357: The Atlantic City Expressway is a highway

Q358: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -A paper mill