Table 10-1 the Following Table Shows the Private Value, Private Cost, and Cost

question 285

Multiple Choice

Table 10-1
The following table shows the private value, private cost, and external cost for various quantities of output in a market.
-Refer to Table 10-1. What is the equilibrium quantity of output in the market?

• A)2 units
• B)3 units
• C)4 units
• D)5 units

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A task or piece of work allocated to someone as part of a job or course of study.

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The drive to engage in an activity for its own sake and personal rewards.

Performs Behavior

The act of carrying out actions or responses by an organism or individual in response to external or internal stimuli.

Pancreas

An organ in the digestive and endocrine system that secretes digestive enzymes and hormones, including insulin and glucagon.