Figure 5-2 Figure 5-2 Shows a Market with a Negative Externality

question 133

Multiple Choice

Figure 5-2

Figure 5-2 shows a market with a negative externality.
-Refer to Figure 5-2.The size of marginal external costs can be determined by

• A)S₂ + S₁ at each output level.
• B)S₂ - S₁ at each output level.
• C)the supply curve S₂.
• D)the supply curve S₁.

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Definitions:

X-intercepts

The points at which a graph intersects the x-axis, representing solutions to the equation when y is zero.

Graphing Calculator

An electronic calculator that is capable of plotting graphs, solving simultaneous equations, and performing other tasks with variables.

Completing The Square

A method for converting a quadratic equation into a perfect square trinomial, facilitating its solution.

Complex Numbers

Numbers that comprise a real part and an imaginary part, represented as a + bi, where "i" is the square root of -1.