To Maximize the Net Social Benefit Received from a Good

Multiple Choice

To maximize the net social benefit received from a good or service, it should be produced up to the point where:

A) total social benefit is equal to its total social cost.
B) its marginal private benefit is equal to its marginal social cost.
C) its marginal social benefit is equal to its marginal social cost.
D) its marginal social benefit is equal to its marginal private cost.
E) its marginal private benefit is equal to its marginal private cost.