Economics 9708 · AS & A Level · 7.4

7.4 — practice question

The table gives, for two different quantities of good X, the total amount consumers are prepared to pay and the total external benefits created. What is the extra social benefit when 4 units rather than 3 units are produced?

  • A$14
  • B$40
  • C$54
  • D$348

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI