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Quantity Private Value Private Cost External Benefit (Units) (Dollars) (Dollars) |(Dollars) 1 22 12 10 2 20 15 10 3 18 18 10 4 16 21 10 14 24 10 12 27 10 Refer to Table 10-3. Taking into account private and external benefits, the total surplus to society at the socially efficient quantity is O a. $18. O b. $38. Oc. $50. O d. S43.

Quantity Private Value Private Cost External Benefit (Units) (Dollars) (Dollars) |(Dollars) 1 22 12 10 2 20 15 10 3 18 18 10 4 16 21 10 14 24 10 12 27 10 Refer to Table 10-3. Taking into account private and external benefits, the total surplus to society at the socially efficient quantity is O a. $18. O b. $38. Oc. $50. O d. S43.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Quantity Private Value Private Cost External Benefit (Units) (Dollars) (Dollars) (Dollars) 1 22 12 10 2 20 15 10 3 18 18 10 4 16 21 10 14 24 10 12 27 10 Refer to Table 10-3. Taking into account private and external benefits, the total surplus to society at the socially efficient quantity is O a. $18. O b. $38. O c. $50. d. $43.
Transcribed Image Text:Quantity Private Value Private Cost External Benefit (Units) (Dollars) (Dollars) (Dollars) 1 22 12 10 2 20 15 10 3 18 18 10 4 16 21 10 14 24 10 12 27 10 Refer to Table 10-3. Taking into account private and external benefits, the total surplus to society at the socially efficient quantity is O a. $18. O b. $38. O c. $50. d. $43.
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