Table $10-4$

Quantity

Private Value

Private Cost

External Cost

$1$

$$46$

$$21$

$$6$

$2$

$$44$

$$24$

$$6$

$3$

$$42$

$$27$

$$6$

$4$

$$40$

$$30$

$$6$

$5$

$$38$

$$33$

$$6$

$6$

$$36$

$$36$

$$6$

$7$

$$34$

$$39$

$$6$

Refer to Table $10-4.$ The last unit of output for which private value exceeds social cost is the

$(3\mathrm{.}2$pts$)$

Question $23-$ Table $10-4$QuantityPrivate ValuePrivate CostExternal Cost$1$$$46$$$21$$$62$$$44$$$24$$$63$$$42$$$27$$$64$$$40$$$30$$$65$$$38$$$33$$$66$$$36$$$36$$$67$$$34$$$39$$$6$Refer to Table $10-4.$ The last unit of output for which private value exceeds social cost is the

Select $2$nd unit. as your answer

$2$nd unit.

Select $3$rd unit. as your answer

$3$rd unit.

Select $4$th unit. as your answer

$4$th unit.

Select $5$th unit. as your answer

$5$th unit.