Solved

If the Efficient Output of a Good Is Produced Each

Question 7

Multiple Choice

If the efficient output of a good is produced each week, then the:


A) marginal social benefit of the good equals its marginal social cost each week.
B) marginal social benefit of the good is at a maximum.
C) total social benefit of the good is at a maximum.
D) total social benefit of the good equals its total social cost.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions