In the Following Graph, MPC and MSC Represent the Marginal

question 9

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 amount of tax that the government should levy to bring output to the socially optimum level is equal to the distance between the points _____.

• A) A and B
• B) B and D
• C) B and C
• D) A and C

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Definitions:

Core Knowledge Workers

Employees who possess essential expertise and skills critical to the functioning and competitiveness of an organization.

Strategic Value

The worth or importance of something in achieving a business's long-term objectives and sustaining its competitive advantage.

Economic Factors

Variables or elements that affect the financial performance and decision-making process within the economy or a specific sector, including inflation, interest rates, and unemployment.

Environmental Scanning

The process of collecting, analyzing, and using information about trends, events, and relationships within an organization's internal and external environment.