pleasw answer question no 40) Refer to Figure 10-6. Each unit of plastics that is produced results in an externalO a benefit of $8.Ob. cost of $6.Oc cost of $8O d. benefit of 56.QUESTION 40Table 10-3Private Cost External BenefitQuantity Private Value(Units) (Dollars)(Dollars)(Dollars)12212220151818162114246122710Refer to Table 10-3. Taking into account private and external benefits, the total surplus to society at the socially efficient quantity isO a. $43.Ob. $18.O c. $50.O d. $38.QUESTION 41Calculate and enter the slope of the line that crosses through the following coordinates:(-16.49) and (13,-5)3451099999910101010

In welfare economics, externalities are the costs and benefits that are derived from an economic…

QUESTION 40 Table 10-3 Quantity Private Value Private Cost External Benefit (Units) (Dollars) (Dollars) (Dollars) 1 22 12 10 2 20 15 10 18 18 10 16 21 10 14 24 10 6 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. $43. O b. $18. O c. 550. O d. $38. 3 4 5

QUESTION 40 Table 10-3 Quantity Private Value Private Cost External Benefit (Units) (Dollars) (Dollars) (Dollars) 1 22 12 10 2 20 15 10 18 18 10 16 21 10 14 24 10 6 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. $43. O b. $18. O c. 550. O d. $38. 3 4 5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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