Figure 5-C
-Refer to Figure 5-C.The supply curve S social includes the following costs.
A)Private costs only
B)Private costs and external costs
C)External costs and public costs
D)Costs of capital, entrepreneurship, land, and labor

Question

Figure 5-C 
-Refer to Figure 5-C.The supply curve S social includes the following costs.
A)Private costs only 
B)Private costs and external costs 
C)External costs and public costs 
D)Costs of capital, entrepreneurship, land, and labor

Quizplus · Accepted Answer

The supply curve S social includes both private costs and external costs.

Figure 5-C -Refer to Figure 5-C.The Supply Curve S Social Includes the Social