Refer to Table 10-3. The social value of the 4^th unit of output that is produced is

A) $10.
B) $16.
C) $26.
D) $30.

Social Value

The importance or worth that a product, service, or action has to society, including both economic and non-economic factors.

External Benefit

A positive spillover effect of a transaction or activity that benefits a third party not directly involved in the transaction.

Output

The amount of goods or services produced by a firm, industry, or economy.