-The figure above shows the marginal social cost curve of generating electricity and the marginal private cost curve. The marginal cost borne by producers when 200 billion kilowatt hours are produced is
A) 5 cents per kilowatt hour.
B) 10 cents per kilowatt hour.
C) 20 cents per kilowatt hour.
D) 15 cents per kilowatt hour.
E) 0 cents per kilowatt hour.

Question

-The figure above shows the marginal social cost curve of generating electricity and the marginal private cost curve. The marginal cost borne by producers when 200 billion kilowatt hours are produced is
A) 5 cents per kilowatt hour. 
B) 10 cents per kilowatt hour. 
C) 20 cents per kilowatt hour. 
D) 15 cents per kilowatt hour. 
E) 0 cents per kilowatt hour.

Quizplus · Accepted Answer

The marginal private cost curve represents the cost borne by producers. At 200 billion kilowatt hours, this curve indicates a cost of 10 cents per kilowatt hour.

-The Figure Above Shows the Marginal Social Cost Curve of Generating