Table 10-3
​
​ -Refer to Table 10-3

question 62

Multiple Choice

Table 10-3
​
​
$$\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Quantity } \\\text { (Units) }\end{array} & \begin{array} { c } \text { Private Value } \\\text { (Dollars) }\end{array} & \begin{array} { c } \text { Private Cost } \\\text { (Dollars) }\end{array} & \begin{array} { c } \text { External Benefit } \\\text { (Dollars) }\end{array} \\\hline 1 & 22 & 12 & 10 \\\hline 2 & 20 & 15 & 10 \\\hline 3 & 18 & 18 & 10 \\\hline 4 & 16 & 21 & 10 \\\hline 5 & 14 & 24 & 10 \\\hline 6 & 12 & 27 & 10 \\\hline\end{array}$$
-Refer to Table 10-3. The market equilibrium quantity of output is

• A)3 units.
• B)4 units.
• C)5 units.
• D)6 units.

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Definitions:

Obesity

A medical condition characterized by excessive body fat accumulation, which poses a risk to health.

Caucasian

A term historically used to describe a race or group of peoples from a broad region including Europe, North Africa, the Horn of Africa, Western Asia, Central Asia, and South Asia.

Hispanic

Referring to people, cultures, or countries related to Spain or Spanish-speaking Latin America.

Global Warming

The long-term rise in Earth's average surface temperature, largely due to human activities such as burning fossil fuels, which release greenhouse gases.