Multiple Choice
Figure 10-11
-Refer to Figure 10-11. Which of the following magnitudes is constant over all units of output?
A) the private value of the last unit of output that was produced and sold
B) the social value of the last unit of output that was produced and sold
C) the external benefit of the last unit of output that was produced and sold
D) the private cost of the last unit of output that was produced and sold
Correct Answer:
Verified
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