Multiple Choice
The marginal social cost of producing the last unit of a good is $1.10,while the consumers' willingness to pay for the last unit is $0.80.The deadweight loss from the production of the last unit of the good is ________.
A) $1.10
B) $1.90
C) $0.50
D) $0.30
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q71: What causes the overexploitation and depletion of
Q72: If the government taxed away all profits
Q73: Which of the following is the best
Q74: Government invention is required to solve externality
Q75: A good is non-rival in consumption if
Q77: How is the market demand curve for
Q78: Rides in a public park are _
Q79: The practice of fracking by the oil
Q80: Explanation: The following figure graphs the answer.<br>
Q81: The free-rider problem may arise in the