The table below displays the private marginal benefit and the private marginal cost for Sarah's Power Plant. MC Private MB Private Quantity (hours) 100 $550 $600 200 600 600 300 650 600 400 700 600 500 750 600 Sarah's Power Plant produces electricity. Each 100 hours of production produces $600 worth of kilowatthours (KWh) per month. Sarah's Power Plant also produces air pollution increasing the health costs of local residents by $100 per month. What is the number of hours of production that Sarah will use to produce electricity if only the private costs and benefits are considered? 100 hours. . . 4 p At it's present rate of output, 400 units, a perfectly competitive firm has total cost of $20,000, marginal cost of $38, and fixed cost of $12,000, and it loss, this firm should charges the market price of $38 per unit. To maximize profit or minimize increase outout 12:14P 7/21/20 X O P O m W home end insert delete prt sc Ox F10 F11 F12 F8 F9 F2 F4 F5 F6 F7 & backspace V O 3 4 5 P W E R Y U 4 5 6 D F G H K . . . 2 3 C N M