Refer to Figure 10-4, Graph (b) and Graph (c) . The overuse of antibiotics leads to the development of antibiotic-resistant diseases. Therefore, the external cost of antibiotic overuse is represented by

A) Q₃ − Q₂.
B) Q₅ − Q₄.
C) P_3a − P_3b.
D) P_4a − P_4b.

Question

Steven Davis · Accepted Answer

Final Answer : C, Explanation :  The external cost of antibiotic overuse is represented by the difference between the social cost and the private cost. In this context, P 3a  − P 3b  likely refers to the difference between the social cost (including the external cost of antibiotic resistance) and the private cost (not including that external cost), which accurately represents the external cost of antibiotic overuse.

Refer to Figure 10-4, Graph (b) and Graph (c) . The overuse of antibiotics leads to the development of antibiotic-resistant diseases. Therefore, the external cost of antibiotic overuse is represented by

A) Q₃ − Q₂.
B) Q₅ − Q₄.
C) P_3a − P_3b.
D) P_4a − P_4b.

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Learning Objectives

Related questions

Refer to Figure 10-4, Graph (b) and Graph (c) . The overuse of antibiotics leads to the development of antibiotic-resistant diseases. Therefore, the external cost of antibiotic overuse is represented byA) Q3 − Q2.B) Q5 − Q4.C) P3a − P3b.D) P4a − P4b.

Definitions

Learning Objectives

Learning Objectives

Related questions

Refer to Figure 10-4, Graph (b) and Graph (c) . The overuse of antibiotics leads to the development of antibiotic-resistant diseases. Therefore, the external cost of antibiotic overuse is represented by

A) Q₃ − Q₂.
B) Q₅ − Q₄.
C) P_3a − P_3b.
D) P_4a − P_4b.