6. The graph below shows the marginal private cost of a robot producing factory for phone construction. The robots use a

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6 The Graph Below Shows The Marginal Private Cost Of A Robot Producing Factory For Phone Construction The Robots Use A 1 (413.3 KiB) Viewed 39 times

6. The graph below shows the marginal private cost of a robot producing factory for phone construction. The robots use a toxic chemical that emits emissions. This affects the citizens of Port Elizabeth who have mobile phone factories in their town. The marginal social cost that the town citizens face is also captured by the diagram. The firm faces a price of $340 per phone. 500 D 15 20 30 KO 47 Output, a) Why is the marginal social cost equal zero at an output quantity of zero? (2 marks). b) Why does the marginal private cost curve slope upward? (2 marks) c) Why does the marginal social cost curve slope upward at a different rate than the marginal private cost curve" () Zon d) Write down the MSC Curve equation. (2 marks), e) Write down the MPC Cive equation (2 marks), Costs (5) 300 100