Refer to the graph shown. If the marginal cost external to the trade associated with the use of gasoline is $ 1 0 per gallon, the point on the graph corresponding to the efficient quantity and price is: Multiple Choice H Price in dollars $1.10 $1.05 $1.00 $0.95 H K 2 4 68 10 Gasoline (millions of gallons per year) MC + $.10 MC = marginal private cost MB = MSB

Refer to the graph shown. If the marginal cost external to the trade associated with the use of gasoline is $ 1 0 per gallon, the point on the graph corresponding to the efficient quantity and price is: Multiple Choice H Price in dollars $1.10 $1.05 $1.00 $0.95 H K 2 4 68 10 Gasoline (millions of gallons per year) MC + $.10 MC = marginal private cost MB = MSB

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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