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14. Refer to Figure 3. Assume that production of this good generates a $30 per unit external cost. How much total surplus is generated in this market at the efficient outcome?
a) $375
b) $675
c) $1,250
d) $2,175
Step by step
Solved in 2 steps with 1 images
- urgntFill the Table Total Total Fixed Variable Total Costs Costs Total Average Total Costs Costs $100 $140 $165 $210 $295 $425 $625 Product (TFC) (TVC) $50 $50 $50 $90 $50 $115 $50 $160 $50 $245 $50 $375 $50 $575 1 4 9. Total Total Fixed Variable Total Marginal Total Costs Costs Costs Costs Product (TFC) $50 (TVC) $0 |(TC) $50 (MC) na 1 $50 $50 $50 $50 $50 $100 2 $90 $140 $115 $165 4 $160 $210 $50 $50 $50 $295 $425 $245 6. $375 7 $575 $62 LolcolN 567Decrese or increase on the choice. - first pic
