The External Marginal Cost of Producing Coal Is MC_external =

question 61

Multiple Choice

The external marginal cost of producing coal is MC_external = 6Q while the internal marginal cost is MC_internal = 4Q.The inverse demand for coal is given by P = 120 − 2Q.How much output would a competitive industry produce?

• A) 10
• B) 20
• C) 15
• D) 8

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Definitions:

Temperature Extremes

Conditions where the environmental temperature is significantly higher or lower than the species' optimal range for survival.

Osteoporosis

A disease characterized by decreased bone density and increased risk of fractures.

Calcium

A chemical element symbolized by Ca, it is essential for living organisms, particularly in cell physiology and bone formation.

Keratin

A horny, water-insoluble protein found in the epidermis of vertebrates and in nails, feathers, hair, and horns.