Refer to the information provided in Figure 13.9 below to answer the question(s) that follow. Figure 13.9
-Refer to Figure 13.9. From society's point of view, the efficient level of electricity production is ________ megawatts.
A) 500
B) 600
C) 800
D) 1200

Question

Refer to the information provided in Figure 13.9 below to answer the question(s) that follow.  Figure 13.9
-Refer to Figure 13.9. From society's point of view, the efficient level of electricity production is ________ megawatts.
A) 500 
B) 600 
C) 800 
D) 1200

Quizplus · Accepted Answer

The efficient level of electricity production from society's point of view is where the marginal social benefit equals the marginal social cost. This is typically represented on a graph where the demand curve (representing marginal benefit) intersects with the supply curve (representing marginal cost). Without seeing Figure 13.9, the correct answer is inferred based on common principles of environmental economics.

Refer to the Information Provided in Figure 13