Use the following to answer question(s): Efficiency and Pollution

-(Exhibit: Efficiency and Pollution) An efficient solution takes place at a price of _______ and a quantity of _______ .
A) $5; 40
B) $15; 30
C) $25; 30
D) $15; 15

Question

Use the following to answer question(s): Efficiency and Pollution
 
-(Exhibit: Efficiency and Pollution) An efficient solution takes place at a price of _______ and a quantity of _______ .
A) $5; 40 
B) $15; 30 
C) $25; 30 
D) $15; 15

Quizplus · Accepted Answer

According to the exhibit, the point where the marginal cost curve intersects the marginal benefit curve is the efficient solution. From the graph, it can be seen that the efficient solution takes place at a price of $15 and a quantity of 30. Therefore, option B is the correct answer.

Use the Following to Answer Question(s): Efficiency and Pollution