Multiple Choice
If marginal benefit is equal to marginal cost, then the
A) producer surplus is equal to the consumer surplus.
B) deadweight loss is more than zero but less than its maximum.
C) market has squeezed out total surplus so that it equals zero.
D) sum of producer surplus and consumer surplus is as large as possible.
E) sum of producer surplus and consumer surplus equals zero.
Correct Answer:

Verified
Correct Answer:
Verified
Q55: If the price is greater than the
Q56: If the government imposes a tax on
Q57: The supply curve of a good or
Q58: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -In the figure
Q59: Allocating resources by the order of someone
Q61: When the cost of producing a product
Q62: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above
Q63: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above
Q64: In general, the marginal cost curve<br>A) is
Q65: Deadweight loss and market failure are created