If M were 10,000, P were 10, and Q were 5,000, how much would V be?

If a product has zero external costs, then marginal social cost equal marginal private cost

Indicate whether the statement is true or false

If your cumulative Grade Point Average (GPA) after two years of college is 3.0, and your grades for the current semester average 3.5, what will happen to your cumulative GPA? Explain the similarity of this example to the case of marginal cost and average cost