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 0 0 Marginal private benefit 2 6 4 8 10 Marginal private cost Marginal social benefit 12 Quantity

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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3:39 PM Sun Mar 19
=
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
3:39 PM Sun Mar 19
BEREA
COLLEGE
O O O O
$18.
$15
$12
$9
$6
$3
0
0
Price
$18
0
BEREA
COLLEGA
N
a. six; $4
$15
$12
$9
$6
$3
0
O a.
-+--
0
c.
Marginal
private benefit
2
6
-+---
six; $4
b. six; $9
Marginal
private benefit
2
6
four; $6
d. nine; $6
4
4
8
8
10
www
moodle.berea.edu
10
Marginal
private cost
Marginal
social benefit
12
Quantity
www
moodle.berea.edu
Marginal
private cost
Marginal
social benefit
12
Quantity
@ 96 % 1
@ 96 %)
Transcribed Image Text:3:39 PM Sun Mar 19 = 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 3:39 PM Sun Mar 19 BEREA COLLEGE O O O O $18. $15 $12 $9 $6 $3 0 0 Price $18 0 BEREA COLLEGA N a. six; $4 $15 $12 $9 $6 $3 0 O a. -+-- 0 c. Marginal private benefit 2 6 -+--- six; $4 b. six; $9 Marginal private benefit 2 6 four; $6 d. nine; $6 4 4 8 8 10 www moodle.berea.edu 10 Marginal private cost Marginal social benefit 12 Quantity www moodle.berea.edu Marginal private cost Marginal social benefit 12 Quantity @ 96 % 1 @ 96 %)
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