If the Marginal Private Cost of Producing One Kilowatt of Power

question 378

Multiple Choice

If the marginal private cost of producing one kilowatt of power in California equals five cents and the marginal social cost of each kilowatt equals nine cents, then the marginal external cost equals ________ per kilowatt.

• A) five cents
• B) nine cents
• C) four cents
• D) fourteen cents

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Definitions:

Proton NMR Spectrum

A technique in nuclear magnetic resonance (NMR) that measures the environment of hydrogen atoms in a molecule to elucidate its structure.

Triplet

In chemistry, a term often used to describe a state of a molecule or an atom in which its electrons have a specific spin configuration leading to three closely related energy levels or quantum states.

Cyclohexanone

An organic compound with the formula (CH2)5CO, characterized by a six-carbon ring with a ketone functional group.

Benzophenone

An organic compound with the formula (C6H5)2CO, commonly used in organic chemistry as a photoinitiator.