The above table shows the marginal benefits and costs from production of fertilizer. There are no external benefits. If the market is perfectly competitive and unregulated, at the equilibrium level of output, the marginal external cost per ton is
A) zero.
B) $30.
C) $80.
D) $110.
B
You might also like to view...
The increase in the overall level of prices is known as _____
Fill in the blank(s) with correct word
Recall the Application about the harmattan and how it affects the price of cocoa to answer the following question(s).This Application illustrates how a change in weather conditions can adversely impact the ________ by ________ the price of a good.
A. demand; decreasing B. demand; increasing C. supply; decreasing D. supply; increasing
For each interest rate, the LM curve illustrates the level of output where
A) the goods market is in equilibrium. B) inventory investment equals zero. C) money supply equals money demand. D) all of the above E) none of the above
The socially optimal amount of pollution moderation occurs where society's marginal:
A) bene?t of moderation exceeds its marginal cost of moderation by the greatest amount. B) bene?t of moderation equals its marginal cost of moderation. C) cost of moderation is at its maximum. D) bene?t of moderation is zero.