give the full calculation or solution... 3:39 PM Sun Mar 19=Use the graph to answer the question. The marginal social benefit, marginal privatebenefit, and marginal private curves for the taco market are in the graph. If marketforces prevail, output will be and the price will be.Price3:39 PM Sun Mar 19BEREACOLLEGEO O O O$18.$15$12$9$6$300Price$180BEREACOLLEGANa. six; $4$15$12$9$6$30O a.-+--0c.Marginalprivate benefit26-+---six; $4b. six; $9Marginalprivate benefit26four; $6d. nine; $6448810wwwmoodle.berea.edu10Marginalprivate costMarginalsocial benefit12Quantitywwwmoodle.berea.eduMarginalprivate costMarginalsocial benefit12Quantity@ 96 % 1@ 96 %)

When market forces prevail, then marginal private benefit=marginal private cost. ( Marginal social…

Use the graph to answer the question. The marginal social benefit, marginal private benefit, and marginal private curves for the taco market are in the graph. If market forces prevail, output will be. and the price will be. Price $18 $15 $12 $9 $6 $3 3:39 PM Sun Mar 19 a. six; $4 BEREA COLLBOR Price Marginal private benefit 2 4 6 $18. $15 $12 $9 $6 $3 0 Marginal private benefit 24 a. six; $4 b. six; $9 O c. four; $6 d. nine; $6 8 8 10 10 Marginal private cost Marginal social benefit 12 Quantity *** moodle.berea.edu Marginal private cost Marginal social benefit 12 Quantity @096%

Use the graph to answer the question. The marginal social benefit, marginal private benefit, and marginal private curves for the taco market are in the graph. If market forces prevail, output will be. and the price will be. Price $18 $15 $12 $9 $6 $3 3:39 PM Sun Mar 19 a. six; $4 BEREA COLLBOR Price Marginal private benefit 2 4 6 $18. $15 $12 $9 $6 $3 0 Marginal private benefit 24 a. six; $4 b. six; $9 O c. four; $6 d. nine; $6 8 8 10 10 Marginal private cost Marginal social benefit 12 Quantity *** moodle.berea.edu Marginal private cost Marginal social benefit 12 Quantity @096%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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