Multiple Choice
Use the following for questions 55-59.
Exhibit: Marginal Benefit, Marginal Cost, and Net Benefit
-(Exhibit: Marginal Benefit, Marginal Cost, and Net Benefit) In Panel (b) at activity level E, _______ , and in Panel (c) at activity level J, _______ .
A) MB < MC; MB < MC
B) MB > MC; MB < MC
C) net benefit is ABGF; net benefit is ABC.
D) there is no deadweight loss; deadweight loss is CHI
Correct Answer:
Verified
Correct Answer:
Verified
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