Select the correct answer below: O $700; 40,000 $650; 45,000 $600,40,000 O $750,45,000 2.1 The Economics of Pollution and i Below is a graph that illustrates the social costs of producing refrigerators. As a by-product of the metals, plastics, chemicals, and energy that refrigerator manufacturers use, some pollution is created. These pollutants create costs of $100 per refrigerator produced. In order to achieve market equilibrium after taking the additional external costs of pollution into account, the new equilibrium would be at a price of per refrigerator and a quantity of Price (5) 950 900 850- 800- 750- 700 650 600- 550 (40,000,700) E social E(45,000,650) 10,000 30,000 50,000 70,000 Refrigerators

Select the correct answer below: O $700; 40,000 $650; 45,000 $600,40,000 O $750,45,000 2.1 The Economics of Pollution and i Below is a graph that illustrates the social costs of producing refrigerators. As a by-product of the metals, plastics, chemicals, and energy that refrigerator manufacturers use, some pollution is created. These pollutants create costs of $100 per refrigerator produced. In order to achieve market equilibrium after taking the additional external costs of pollution into account, the new equilibrium would be at a price of per refrigerator and a quantity of Price (5) 950 900 850- 800- 750- 700 650 600- 550 (40,000,700) E social E(45,000,650) 10,000 30,000 50,000 70,000 Refrigerators

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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