What is the external cost per unit of output

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Reference no: EM13148107

od posted a question May 26, 2014 at 6:29am Use the accompanying table to answer the
following questions.
Quantity
Private
Cost Social Cost Benefit
1 $ 2 $ 4 $12
2 $ 6 $ 10 $22
3 $ 12 $ 18 $30
4 $ 20 $ 28 $36
5 $ 30 $ 40 $40
a. What is the external cost per unit of output?
b. What level of output will be produced?
c. What level of output should be produced to
achieve economic efficiency?
d. What is the value to society of correcting the
externality?

Reference no: EM13148107

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