For production to be at the ________ level of output, marginal benefit must equal social cost.

Two-part tariffs allow the monopoly firm to capture all of the potential consumer surplus generated by the sale of its product

Indicate whether the statement is true or false

The opportunity cost of increased production of some good can be measured with

a. the slope of a ray to the production possibilities curve. b. the area under the curve of a production possibilities curve. c. the area of the rectangle bounded by the axes and the point on the production possibilities curve. d. the slope of the production possibilities curve. e. All of the above are correct.