The figure below shows the marginal benefit to consumers,MB,the marginal cost to private firms,MCP,and the marginal cost to society,MCS,at each level of output of some good.
FIGURE 17-1
-Refer to Figure 17-1.The price that leads consumers to demand the socially optimal quantity of output is
Definitions:
Earnings Ratio
Typically refers to the price-to-earnings (P/E) ratio, which measures a company's current share price relative to its per-share earnings.
Annual Earnings
The total amount of money earned by an individual or entity in one year, often before taxes.
Earnings Ratio
Earnings ratio typically refers to financial metrics that compare various aspects of a company's earnings to other measures, such as its share price in the price-to-earnings ratio.
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