Author Question: Refer to Figure 5-4. What does S2 represent? A) the market supply curve that reflects external ... (Read 72 times)

rl · **on:** Jun 29, 2018

Refer to Figure 5-4. What does S2 represent?

A) the market supply curve that reflects external cost
B) the market supply curve that reflects social benefit
C) the market supply curve that reflect private cost
D) the market supply curve that reflects social cost

Question 2

If it costs Vijay 150 to design 5 Web sites and 175 to design 6 Web sites, then 175 is the marginal cost of producing the 6th Web site.

Indicate whether the statement is true or false