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uantity (Units) Private Value (Dollars) Private Cost (Dollars) External Benefit (Dollars) 1 22 12 10 2 20 15 10 3 18 18 10 4 16

uantity (Units) Private Value (Dollars) Private Cost (Dollars) External Benefit (Dollars) 1 22 12 10 2 20 15 10 3 18 18 10 4 16 21 10 5 14 24 10 6 12 27 10 Refer to Table 10-3. The social value of the 4th unit of output that is produced is a. $30. b. $26. c. $16. d. $10

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