The above figure shows the marginal private cost curve, marginal social cost curve, and marginal social benefit curve for raising goats on a common pasture
A quota to prevent the overuse of the common pasture sets the number of goats to be raised equal to ________. A) 0 goats
B) 40 goats
C) 50 goats
D) 55 goats
B
Economics
You might also like to view...
Figure 33-8
?
In Figure 33-8, which of the following movements reflects the Fed’s anti-inflationary policy of the early 1980s and the following market adjustment?
A. A to B to C B. E to A to B C. C to D to E D. D to E to C
Economics
The figure below shows a single consumer's demand for ice cream at the student union. 
Fran is one of the students whose demand curve for ice cream is shown above. When price is $4.00, Fran demands ________ scoops a week, and when price is $2.00, Fran demands ________ scoops.
A. 1; 3 B. 2; 6 C. 2; 4 D. 2; 5
Economics