ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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6. Which figure correctly includes the external costs on market supply
curve?
O No answer text provided.
Price
Price
P₁
M
P*
P Рм
Price
PM
Social
Optimum
Market
Equilibrium
Q*
Quantity of Automobiles
Social Marginal Costs
(Private + External)
Market
Equilibrium
QM
QM
Q*
Solar Energy
External Costs
Supply
(Private Marginal Costs)
Quantity of Automobiles
Demand
(Marginal Benefits)
Supply (Private
Marginal Costs)
Demand
(Marginal
Benefits)
Supply (Private
Marginal Costs)
Social Marginal
Benefits
External Benefits
Demand (Private
Marginal Benefits)
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Transcribed Image Text:6. Which figure correctly includes the external costs on market supply curve? O No answer text provided. Price Price P₁ M P* P Рм Price PM Social Optimum Market Equilibrium Q* Quantity of Automobiles Social Marginal Costs (Private + External) Market Equilibrium QM QM Q* Solar Energy External Costs Supply (Private Marginal Costs) Quantity of Automobiles Demand (Marginal Benefits) Supply (Private Marginal Costs) Demand (Marginal Benefits) Supply (Private Marginal Costs) Social Marginal Benefits External Benefits Demand (Private Marginal Benefits)
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