Marginal cost is the additional cost to a firm of producing one more unit of a good or service
Indicate whether the statement is true or false
TRUE
Economics
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At the current quantity of table saws, the marginal social cost is more than the marginal social benefit. Then
A) production of table saws should be decreased to reach the efficient level. B) production of table saws should be increased to reach the efficient level. C) production of table saws is currently at the efficient level. D) producer surplus will be larger than consumer surplus.
Economics
"The internationalization of banking has weakened national safeguards against banking collapse, but at the same time it has made the need for effective safeguards more urgent." Discuss
What will be an ideal response?
Economics