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westleafs westleafs
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A year ago
Private vs. Social Cost

The graph shows the marginal cost (MC) and marginal social cost of raising chickens for egg production.
 
Assume that P1=$2.50, P2=$9.00, P3=$14.60, Q1=275, and Q2=625. What is the marginal private cost of producing 625 eggs? Marginal social cost? Marginal external cost?

▸ $14.60, $9.00, $5.60

▸ $14.60, $2.50, $12.10

▸ $2.50, $9.00, $5.60

▸ $2.50, $14.60, $12.10
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Macroeconomics

Macroeconomics


Edition: 3rd
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Zigdog4400Zigdog4400
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A year ago
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