Figure 10-10 -Refer to Figure 10-10. the Socially Optimal Quantity of Output

question 83

Multiple Choice

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

• A)120 units, since the value to the buyer of the 120^th unit is equal to the cost incurred by the seller of the 120^th unit.
• B)120 units, since the value to the buyer of the 120^th unit is equal to the cost incurred by society of the 120^th unit.
• C)160 units, since the value to the buyer of the 160^th unit is equal to the cost incurred by the seller of the 160th unit.
• D)160 units, since the value to the buyer of the 160^th unit is equal to the cost incurred by society of the 160^th unit.

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