Exhibit 17.1

-Refer to Exhibit 17.1 which shows a market for electricity.The socially efficient price and level of output are _____
A)$0.10 and 75 million kilowatt hours, respectively.
B)$0.15 and 75 million kilowatt hours, respectively.
C)$0.10 and 50 million kilowatt hours, respectively.
D)$0.15 and 50 million kilowatt hours, respectively.
E)less than $0.10 and more than 50 million kilowatt hours, respectively.

Question

Exhibit 17.1
 
-Refer to Exhibit 17.1 which shows a market for electricity.The socially efficient price and level of output are _____
A)$0.10 and 75 million kilowatt hours, respectively. 
B)$0.15 and 75 million kilowatt hours, respectively. 
C)$0.10 and 50 million kilowatt hours, respectively. 
D)$0.15 and 50 million kilowatt hours, respectively. 
E)less than $0.10 and more than 50 million kilowatt hours, respectively.

Quizplus · Accepted Answer

The Answer of Exhibit 17.1
 
-Refer to Exhibit 17.1 which shows a market for electricity.The socially efficient price and level of output are _____
A)$0.10 and 75 million kilowatt hours, respectively. 
B)$0.15 and 75 million kilowatt hours, respectively. 
C)$0.10 and 50 million kilowatt hours, respectively. 
D)$0.15 and 50 million kilowatt hours, respectively. 
E)less than $0.10 and more than 50 million kilowatt hours, respectively.

Exhibit 17.1 -Refer to Exhibit 17.1 Which Shows a Market for Electricity.The