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-In the Above Figure, Suppose the Quantity Produced Is 40

Question 7

Multiple Choice

-In the above figure, suppose the quantity produced is 40. Then A) the marginal social cost of the 40th unit is $1. B) the willingness to pay for the 40th unit is $2, the equilibrium price. C) production is not efficient because MSB > MSC. D) production is not efficient because MSC>MSB.
-In the above figure, suppose the quantity produced is 40. Then


A) the marginal social cost of the 40th unit is $1.
B) the willingness to pay for the 40th unit is $2, the equilibrium price.
C) production is not efficient because MSB > MSC.
D) production is not efficient because MSC>MSB.

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