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Question
| Output/Hour | Private MC | Marginal Benefit | External Marginal Costs |
| 1 | $10 | $20 | 0.20 |
| 2 | 10.40 | 18.50 | 0.40 |
| 3 | 10.90 | 17 | 0.70 |
| 4 | 11.50 | 16.50 | 1.20 |
| 5 | 12.20 | 14.00 | 1.80 |
| 6 | 13.00 | 13.00 | 2.80 |
| 7 | 14.40 | 12.00 | 4.00 |
Use the information in the above table. The external marginal costs are
A) increasing.
B) decreasing.
C) constant.
D) inverse to quantity produced.
Answer
This answer is hidden. It contains 1 characters.
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