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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

Refer to the above graph to answer this question. If buyers of this product were subsidized by an amount equal to the external benefits, what would be the total cost to the government of the subsidy a. $10,000. b. $6,000. c. $8,000. d. $14,000. e. $18,000.

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