Modern art includes artistic work produced during the period extending roughly from the 1860s to the 1970s, and denotes the styles and philosophy of the art produced during that era. The term is usually associated with art in which the traditions of the past have been thrown aside in a spirit of experimentation.
Answer:
D) The term with a coeffiecient is 20w
Explanation:
5000 is not a variable
A constant is a number that is not changed by the variable.
w is a variable, not a coefficient
Either direction can make Left turns from the center lane
The socially optimal quantity of output in this market is D. 0
Quantity Price $ per unit Private Marginal Cost External Marginal Cost
0 100 --- ---
1 90 10 30
2 80 20 30
3 70 40 30
4 60 60 30
5 50 80 30
6 40 100 30
7 30 120 30
Hence, we can see that, in the presence of an externality, the socially optimal output is determined by including the externality either by adding it with marginal cost or marginal benefit.
Therefore, from the given table above, we can see that the socially optimal quantity of output in this market is 0 because it occurs when social marginal cost is equal to the marginal revenue.
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