ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Refer to the provided supply-and-demand graph. S1 and D1 represent the current market supply and demand, respectively. S2 and D2 represent the total-cost supply and total-benefits demand. The positions of the graphs indicate that there are

Multiple Choice

a. external benefits from producing and consuming the product.
b. external benefits from producing and external costs from consuming the product.
c. external costs from producing and consuming the product.
d. external costs from producing and external benefits from consuming the product.
Price
HG
F
E
O
A B C
Quantity
Multiple Choice
S₁
52
D2
·D₁
Refer to the provided supply-and-demand graph. S₁ and D₁ represent the current market supply and demand, respectively. S2 and D2
represent the total-cost supply and total-benefits demand. The positions of the graphs indicate that there are
external benefits from producing and consuming the product.
external benefits from producing and external costs from consuming the product.
external costs from producing and consuming the product.
external costs from producing and external benefits from consuming the product.
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Transcribed Image Text:Price HG F E O A B C Quantity Multiple Choice S₁ 52 D2 ·D₁ Refer to the provided supply-and-demand graph. S₁ and D₁ represent the current market supply and demand, respectively. S2 and D2 represent the total-cost supply and total-benefits demand. The positions of the graphs indicate that there are external benefits from producing and consuming the product. external benefits from producing and external costs from consuming the product. external costs from producing and consuming the product. external costs from producing and external benefits from consuming the product.
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