Refer to the table below, which presents information on a market that provides positive externalities on society. Private marginal benefit Marginal cost $300,000 $340,000 $330,000 $320,000 $310,000 $300,000 $290,000 Calculate the quantity that would be produced if society did not incorporate the social marginal benefits of this good or service. Type your answer... Quantity 6,000 7,000 8,000 9,000 10,000 11,000 $310,000 $320,000 $330,000 $340,000 $350,000 Private+social marginal benefit $360,000 $350,000 $340,000 $330,000 $320,000 $310,000 Submit

Refer to the table below, which presents information on a market that provides positive externalities on society. Private marginal benefit Marginal cost $300,000 $340,000 $330,000 $320,000 $310,000 $300,000 $290,000 Calculate the quantity that would be produced if society did not incorporate the social marginal benefits of this good or service. Type your answer... Quantity 6,000 7,000 8,000 9,000 10,000 11,000 $310,000 $320,000 $330,000 $340,000 $350,000 Private+social marginal benefit $360,000 $350,000 $340,000 $330,000 $320,000 $310,000 Submit

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter14: Environmental Economics

Section: Chapter Questions

Problem 18SQ

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