Refer to Figure 5-4. What does S1 represent? A) the market ...

[Yi-Chen]

Refer to Figure 5-4. What does S1 represent?
 
  A) the market supply curve that reflects private cost
  B) the market supply curve that reflects only private benefit
  C) the market supply curve that reflects only external cost
  D) the market supply curve that reflects social cost

Question 2

Marginal benefit is the benefit that your activity provides to someone else.
 
  Indicate whether the statement is true or false

[Danny Ewald]

Answer to Question 1

A

Answer to Question 2

FALSE

[Yi-Chen]

Thank you

[Danny Ewald]

No problemo