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Author Question: The figure below shows the marginal benefit to consumers,MB,the marginal cost to private firms,MCP, ... (Read 46 times)

camac77

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on: Oct 12, 2022

The figure below shows the marginal benefit to consumers, MB, the marginal cost to private firms, MCP, and the marginal cost to society, MCS, at each level of output of some good.



FIGURE 17-1

Refer to Figure 17-1. How is a negative externality depicted in this diagram?


◦ Marginal social cost is greater than the marginal private cost.
◦ Marginal social cost is greater than the marginal social benefit.
◦ Marginal social benefit to consumers is diminishing with greater output.
◦ Optimal level of output occurs where marginal private cost is positive.
◦ Optimal level of output occurs where marginal private benefit is positive.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by camac77 on Oct 12, 2022

romyclv

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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camac77

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

carlsona147

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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