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Price 85 8 Price 75+ 26 7- 24 65- 22 Social Cost 6+ 20 55 18 Supply 16 45 14 Private Cost 4 - 12 35 10 3 25 6 4 Demand Social Value ++++ + 2 4 6 8 10 12 14 16 18 20 22 Buaxt 15- 2 Demand 1- 05 100 200 300 400 500 600 700 800 900 Quantity What is the external cost? 1.5 What is the external benefit? 2 s the private market doing too much or too little in the first aph? too much Is the private market doing too much or too little in the second graph? too little

Price 85 8 Price 75+ 26 7- 24 65- 22 Social Cost 6+ 20 55 18 Supply 16 45 14 Private Cost 4 - 12 35 10 3 25 6 4 Demand Social Value ++++ + 2 4 6 8 10 12 14 16 18 20 22 Buaxt 15- 2 Demand 1- 05 100 200 300 400 500 600 700 800 900 Quantity What is the external cost? 1.5 What is the external benefit? 2 s the private market doing too much or too little in the first aph? too much Is the private market doing too much or too little in the second graph? too little

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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TPrice 85 个Price 75+ 26 + 24 65 22 Social Cost 6 20 + 18 Supply 16 + 14 + 12 + 45+ Private Cost 4 35 10 3 25+ 6 + 2 4 Demand Social Value +++++ 15+ 2 Demand 1+ 05 2 4 68 10 12 14 16 18 20 22 Buaxt 100 200 300 400 500 600 700 800 900 Quantity What is the external cost? 1.5 What is the external benefit? 2 Is the private market doing too much or too little in the first aph? too much Is the private market doing too much or too little in the second graph? too little
Transcribed Image Text:TPrice 85 个Price 75+ 26 + 24 65 22 Social Cost 6 20 + 18 Supply 16 + 14 + 12 + 45+ Private Cost 4 35 10 3 25+ 6 + 2 4 Demand Social Value +++++ 15+ 2 Demand 1+ 05 2 4 68 10 12 14 16 18 20 22 Buaxt 100 200 300 400 500 600 700 800 900 Quantity What is the external cost? 1.5 What is the external benefit? 2 Is the private market doing too much or too little in the first aph? too much Is the private market doing too much or too little in the second graph? too little
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