Rice, marginal cost of pigs: $1200, $1100, $1000, $600, $800, $700, $600, $500, $400, $300, $200, $100, $0, $50, $100, $150, $200, $250, $300, $350, $400, $450, $500, $550. Quantity of pigs: 51.
Figure: Negative Externalities and Raising Pigs for Pork
Refer to the figure Negative Externalities and Raising Pigs for Pork. If the marginal external cost of raising a pig for pork is $400, then the socially optimal quantity of pigs to raise is and the socially optimal price is A) 150; $900 B) 200; $800 C) 250; $700 D) 300; $1200.