Figure 10-11 -Refer to Figure 10-11.Taking into Account Private Value and External

question 399

Multiple Choice

Figure 10-11

-Refer to Figure 10-11.Taking into account private value and external benefits,the maximum total surplus that can be achieved in this market is

• A) $3,980.
• B) $4,460.
• C) $5,240.
• D) $5,880.

---

Definitions:

Existential Import

The implication that at least one instance of the subject in a categorical proposition exists.

Coherent Argument

An argument where all the premises logically support the conclusion and are consistent with each other.

Assert

To assert a fact or conviction with confidence and vigor.

Disjunctive Syllogisms

A form of logical argument where, from two propositions, each of which could be true or false, a definite conclusion is drawn.