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Author Question: In the above figure, what is the amount of consumer surplus at the efficient quantity? A) 0 B) ... (Read 121 times)

Bernana

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on: Jun 29, 2018
In the above figure, what is the amount of consumer surplus at the efficient quantity?
 
  A) 0
  B) 1,000
  C) 2,000
  D) 4,000

Question 2

Generating electricity creates air pollution. This industry, if left unregulated, will produce at an inefficient market equilibrium where
 
  A) marginal private cost equals marginal social benefit.
  B) marginal social cost equals marginal social benefit.
  C) marginal social cost equals marginal private cost.
  D) marginal social benefit is greater than marginal social cost.


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emily12345

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Bernana

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

scikid

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Reply 3 on: Yesterday
Excellent

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