The figure above shows the market for a good with an external benefit. The efficient level of production is ________ units because ________
A) 8; marginal benefit equals marginal cost
B) 8; marginal cost is less than marginal social benefit
C) 10; marginal cost equals marginal social benefit
D) 10; marginal social benefit exceeds marginal benefit
E) 8; marginal benefit equals the marginal external benefit
C
Economics
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In the United States, domestic investment is greater than national saving
Indicate whether the statement is true or false
Economics
One of the most significant factors causing the recession of 2007-2009 was
A. very low interest rates maintained by the Federal Reserve. B. the bursting of the housing bubble. C. the huge federal government budget surplus. D. very low, crude oil prices.
Economics