63. The above figure shows the marginal private cost curve, marginal social cost curve, and marginal...

  

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63. The above figure shows the marginal private cost curve, marginal social cost curve, and marginal social benefit curve for raising goats on a common pasture. A quota to prevent the overuse of the common pasture sets the number of goats to be raised equal to A) 0 goats B) 40 goats C) 50 goats 64. The above figure shows the marginal private cost curve, marginal social cost curve, and marginal social benefit curve for raising goats on a common pasture. Suppose the government assigns individual transferable quotas (ITQ) set to achieve the efficient outcome. The market price of an ITQ is per pound. A) $4.20 B) $6.00 D) 55 goats C) $4.00 D) $2.00 Price and cost (dollars per pound) 8 7 6 5 4 3 2 1 0 1 10 20 30 MSC 40 MC MSB 50 60 Number of goats 63. The above figure shows the marginal private cost curve, marginal social cost curve, and marginal social benefit curve for raising goats on a common pasture. A quota to prevent the overuse of the common pasture sets the number of goats to be raised equal to A) 0 goats B) 40 goats C) 50 goats 64. The above figure shows the marginal private cost curve, marginal social cost curve, and marginal social benefit curve for raising goats on a common pasture. Suppose the government assigns individual transferable quotas (ITQ) set to achieve the efficient outcome. The market price of an ITQ is per pound. A) $4.20 B) $6.00 D) 55 goats C) $4.00 D) $2.00 Price and cost (dollars per pound) 8 7 6 5 4 3 2 1 0 1 10 20 30 MSC 40 MC MSB 50 60 Number of goats