Cane company manufactures two products called alpha and beta that sell for $170 and $130, respectively. each product uses only one type of raw material that costs $6 per pound. the company has the capacity to annually produce 116,000 units of each product.

What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real

In most states, a licensee must provide a(n) of any existing agency relationships to all parties

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)