Exhibit 30-2 Price and Cost 0,0₂ Refer to Exhibit 30-2. If the exhibit represents a positive externality situation, the private cost of expanding output from Q, to Q₂ is the area of a) Q₁CBQ₂. Ob) ABE. Q₁AEQ₂ Quantity d) Q₁ABQ₂

Exhibit 30-2 Price and Cost 0,0₂ Refer to Exhibit 30-2. If the exhibit represents a positive externality situation, the private cost of expanding output from Q, to Q₂ is the area of a) Q₁CBQ₂. Ob) ABE. Q₁AEQ₂ Quantity d) Q₁ABQ₂

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Exhibit 30-2
Price
and Cost
0,0₂
b) ABE.
Refer to Exhibit 30-2. If the exhibit represents a positive externality situation, the private cost of expanding output
from Q₁ to Q₂ is the area of
a) Q₁CBQ2.
Cuantity
c) Q₁AEQ₂-
d) Q₁ABQ₂.

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