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.
-In Figure 20-1,the marginal external cost at the equilibrium output level is:
A) $0.
B) $40.
C) $10.
D) $28.
Correct Answer:

Verified
Correct Answer:
Verified
Q42: Suppose that an economy has four people,A,B,C,and
Q43: Use the following figure to answer the
Q44: Explain with the help of a suitable
Q45: The social cost of producing a commodity
Q46: Use the following figure to answer the
Q48: Which of the following statements is true
Q49: When the entire costs and benefits of
Q50: Suppose that an economy has four people,A,B,C,and
Q51: Which of the following helps to achieve
Q52: Externalities mainly arise because:<br>A)consumers have more market