Figure 10-11 -Refer to Figure 10-11.The Socially Optimal Quantity of Output Is

question 390

Multiple Choice

Figure 10-11

-Refer to Figure 10-11.The socially optimal quantity of output is

• A) 160 units, since the value to the buyer of the 160th unit is equal to the cost incurred by the seller of the 160th unit.
• B) 160 units, since the value to society of the 160th unit is equal to the cost incurred by the seller of the 160th unit.
• C) 280 units, since the value to the buyer of the 280th unit is equal to the cost incurred by the seller of the 280th unit.
• D) 280 units, since the value to society of the 280th unit is equal to the cost incurred by the seller of the 280th unit.

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