Economics (AS & A Level) · Feb / March 2024 · Paper 32 · Question 3
9708Private costs and benefits, externalities and social costs and benefits
The table shows the total amount consumers are willing to pay for different quantities of good X and the total external benefits that arise from the consumption of X. What is the value of the marginal social benefit when 5000 units are consumed?
- A$12 000
- B$32 000
- C$80 000
- D$380 000
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Correct answer: B. $32 000
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