(Figure: MSC and Supply Curves) Use the graph to answer the question.
The graph shows the marginal social cost curve and supply curve for Lin's business. When Lin produces eight units, what is the relevant marginal cost facing the community?
A) $4
B) $8
C) $12
D) $20
Correct Answer:
Verified
Q37: The supply curve of a firm is
Q38: (Figure: MSC and Supply Curves) Use the
Q39: From a community perspective, the marginal cost
Q40: (Figure: MSC and Supply Curves) Use the
Q41: (Figure: MSC and Supply Curves) Use the
Q43: (Figure: MSC and Supply Curves) Use the
Q44: The benefit enjoyed by a buyer as
Q45: The marginal private benefit is the:
A)extra benefit
Q46: An external benefit is:
A)a benefit enjoyed by
Q47: A marginal external benefit is the:
A)extra benefit
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