Table 10-2
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-Refer to Table 10-2

question 23

Multiple Choice

Table 10-2
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$$\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Quantity } \\\text { (Units) }\end{array} & \begin{array} { c } \text { Private Value } \\\text { (Dollars) }\end{array} & \begin{array} { c } \text { Private Cost } \\\text { (Dollars) }\end{array} & \begin{array} { c } \text { Social Value } \\\text { (Dollars) }\end{array} \\\hline 1 & 51 & 45 & 57 \\\hline 2 & 48 & 48 & 54 \\\hline 3 & 45 & 51 & 51 \\\hline 4 & 42 & 54 & 48 \\\hline 5 & 39 & 57 & 45 \\\hline 6 & 36 & 60 & 42 \\\hline\end{array}$$ ​
-Refer to Table 10-2. What is the equilibrium quantity of output in this market?

• A)3 units
• B)2 units
• C)4 units
• D)5 units

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Definitions:

Thickness of Continental Crust

The measurement of how thick the layer of rocks and sediments making up the continents is, varying from 20 to 70 kilometers.

Magmas

Molten rock stored beneath the Earth's surface, which may cool to form igneous rock or erupt as lava during volcanic activities.

Catskill Delta

An ancient delta located in what is now the northeastern United States, known for its rich sediments that tell a story of Earth’s geological past.

Foreland Basin

A structural basin that forms adjacent to a mountain belt, typically filled with sediments eroded from the mountains.