In the Following Graph, MPC and MSC Represent the Marginal

question 10

Multiple Choice

In the following graph, MPC and MSC represent the marginal private cost and marginal social cost of producing a good respectively. QD represents the demand for the good. Refer to the graph to answer the question. The socially optimum level of output is _____ of the good.

• A) 400 units
• B) 1000 units
• C) 1600 units
• D) 2200 units

---

Definitions:

Integrated Development Environment (IDE)

A developmental tool that helps programmers write and test their programs; one IDE can be configured to support many different languages.

Problem Statement

The starting point of programming work; a clear description of what tasks the computer program must accomplish and how the program will execute those tasks and respond to unusual situations.

Pseudocode

A simplified, informal version of programming code used to outline algorithms.

Program Specification

A clear statement of the goals and objectives of a project.