Exhibit 30-2

-Refer to Exhibit 30-2. If the exhibit represents a positive externality situation, the private cost of expanding output from Q₁ to Q₂ is the area of

Name: Exhibit 30-2 -Refer to Exhibit 30-2. If the exhibit represents a positive externality situation, the private cost of expanding output from Q 1 to Q 2 is the area of
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Question

Exhibit 30-2 -Refer to Exhibit 30-2. If the exhibit represents a positive externality situation, the private cost of expanding output from Q₁ to Q₂ is the area of

Quizplus · Accepted Answer

The private cost of expanding output from Q1 to Q2 is represented by the area under the private cost curve, which is Q1ABQ2.

Exhibit 30-2 ​

Exhibit 30-2