Refer to the diagram. Which of the following would cause the optimal quantity of social regulation to be Qy? Multiple Choice An increase in the marginal cost of social regulation A decrease in the marginal cost of social regulation An increase in the marginal benefit of industrial regulation
Refer to the diagram. Which of the following would cause the optimal quantity of social regulation to be Qy? Multiple Choice An increase in the marginal cost of social regulation A decrease in the marginal cost of social regulation An increase in the marginal benefit of industrial regulation
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:8
Marginal Benefit and
Marginal Cost (Dollars)
Q₁
0₂
0₂
Quantity of Social Regulation
Marginal
Cost
Multiple Choice
Marginal
Benefit
Refer to the diagram. Which of the following would cause the optimal quantity of social regulation to be Q₁?
An increase in the marginal cost of social regulation
A decrease in the marginal cost of social regulation
An increase in the marginal benefit of industrial regulation

Transcribed Image Text:Refer to the diagram. Which of the following would cause the optimal quantity of social regulation to be Q₁?
Multiple Choice
O
An increase in the marginal cost of social regulation
A decrease in the marginal cost of social regulation
An increase in targinal benefit of industrial regulation
An increase in the marginal benefit of social regulation
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