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  • Micro Ia Diagram 1 PDF

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    Maurya Rai
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    The document shows a graph illustrating the relationship between price, quantity, marginal private cost, marginal social cost, marginal private benefit, and marginal social benefit. It depicts an optimal price and quantity where marginal social cost equals marginal social benefit, and any price above or below this results in a welfare loss to society from an inefficient allocation of resources.

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    MICRO IA DIAGRAM 1.pdf

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    The document shows a graph illustrating the relationship between price, quantity, marginal private cost, marginal social cost, marginal private benefit, and marginal social benefit. It depicts an optimal price and quantity where marginal social cost equals marginal social benefit, and any price above or below this results in a welfare loss to society from an inefficient allocation of resources.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    19 views1 page

    Micro Ia Diagram 1 PDF

    Uploaded by

    Maurya Rai
    The document shows a graph illustrating the relationship between price, quantity, marginal private cost, marginal social cost, marginal private benefit, and marginal social benefit. It depicts an optimal price and quantity where marginal social cost equals marginal social benefit, and any price above or below this results in a welfare loss to society from an inefficient allocation of resources.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    4/10/22, 7:11 PM DI.

    drawio

    Price

    S = MPC = MSC

    Symbol Key  (NOT DRAWN TO SCALE)

    Welfare Loss 
    (Cost to the government that
    is never recovered )

    P optimal External Benefits

    P2

    MSB

    D=MPB

    Q2 Q optimal Quantity Demanded 

    1/1

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