Solved

Use the Following Figure to Answer the Question : Figure

Question 19

Multiple Choice

Use the following figure to answer the question : Figure 20-1 : D1 and S1 are the private demand and supply curves,of a commodity produced by a competitive firm.S2 reflects the social marginal cost of production,while S0 represents the external marginal cost. Use the following figure to answer the question : Figure 20-1 : D<sub>1</sub> and S<sub>1</sub> are the private demand and supply curves,of a commodity produced by a competitive firm.S<sub>2</sub> reflects the social marginal cost of production,while S<sub>0</sub> represents the external marginal cost.   -Refer to Figure 20-1.When the efficient output is being produced,the price of the good must be: A) $90. B) $108. C) $100. D) $40.
-Refer to Figure 20-1.When the efficient output is being produced,the price of the good must be:


A) $90.
B) $108.
C) $100.
D) $40.

Correct Answer:

verifed

Verified

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

Related Questions