There is an asset demand for money primarily because of which function of money?

For a product with external benefits that is produced in a competitive, unregulated market, how can the resulting market output be described?

A) underproduction compared to the efficient level B) overproduction compared to the efficient level C) production equals the efficient level D) Underproduction or overproduction are both possible depending on whether the external benefit is to consumption or production. E) None of the above is correct.

Marginal utility is measured as

A. additional utility from each additional good consumed. B. utility per unit of production. C. output of a good or service divided by price. D. additional output divided by additional utility.