(Figure: Output Levels II) The socially optimal output level could be achieved by a government quota of: Price ($) 100 80 60 40 20 SMC S = MC 100 200 300 400 500 Quantity of electricity 250 units of electricity. approximately 212 units of electricity. 175 units of electricity. 100 units of electricity.

(Figure: Output Levels II) The socially optimal output level could be achieved by a government quota of: Price ($) 100 80 60 40 20 SMC S = MC 100 200 300 400 500 Quantity of electricity 250 units of electricity. approximately 212 units of electricity. 175 units of electricity. 100 units of electricity.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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