Refer to the figure above. What is the total damage imposed as a result of producing the efficient level of fertilizer?
Homework Answers
There are two cost production cost and damage.
At efficient outcome equal to 50.
The total damage cost=per unit damage cost* efficient outcome=5*50=250
Option B is right.
Note:Even firm producing efficient level of fertilizer but the damage cost didn't vanish .it still occuring.
Due to efficent level of outcome ,the deadweight loss vanished ( loss of surplus).
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