Use the following information to answer the questions below.You are an advisor to a teaching hospital.The marginal private benefit to consumers of an inpatient day at this hospital is MPB = 1000 - 4Q and the marginal private cost is equal to $200.
-Given both the marginal external benefit and the marginal external cost,what is the net effect on society of producing at the private optimum?

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The Answer of Use the following information to answer the questions below.You are an advisor to a teaching hospital.The marginal private benefit to consumers of an inpatient day at this hospital is MPB = 1000 - 4Q and the marginal private cost is equal to $200.
-Given both the marginal external benefit and the marginal external cost,what is the net effect on society of producing at the private optimum?

Use the Following Information to Answer the Questions Below