A-LevelEconomicsThe price system and the microeconomy9708/32 · Feb/Mar 2019 · Q11 Mark
A project has a social cost of $100 million, a private cost of $40 million and an external benefit of $20 million. Its net social value is zero.
- What can be concluded about the project? A External cost is greater than external benefit. B Private cost is greater than external cost. C Private cost is greater than private benefit. D Social cost is greater than social benefit.[1]
Mark scheme
Marking points from the official mark scheme (Feb/Mar 2019). The mark or mark type is shown in brackets.
- [1] A
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