Resources Are Efficiently Utilized When Production Is Such That Marginal

Multiple Choice

Resources are efficiently utilized when production is such that marginal social benefit

A) is equal to marginal social cost.
B) exceeds marginal social cost by as much as possible.
C) is less than marginal social cost.
D) None of the above because efficiency has to do with property rights and has nothing to do with marginal social benefit or marginal social cost.