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    Business
  3. Study Set
    Microeconomics Australia
  4. Exam
    Exam 6: Efficiency and Fairness of Markets
  5. Question
    -The Figure Above Shows the Marginal Benefit and Marginal Cost
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-The Figure Above Shows the Marginal Benefit and Marginal Cost

Question 2

Question 2

Multiple Choice

  -The figure above shows the marginal benefit and marginal cost curves for pizza. In the figure, what is the efficient quantity of pizza? A)  20,000 pizzas B)  30,000 pizzas C)  0 pizzas D)  10,000 pizzas E)  The efficient quantity cannot be determined without more information.
-The figure above shows the marginal benefit and marginal cost curves for pizza. In the figure, what is the efficient quantity of pizza?


A) 20,000 pizzas
B) 30,000 pizzas
C) 0 pizzas
D) 10,000 pizzas
E) The efficient quantity cannot be determined without more information.

Correct Answer:

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