When the marginal benefit equals the marginal cost of the last unit sold in a competitive market
A) the net benefit of consumers is equal to the net benefit of producers.
B) an economically efficient level of output is produced.
C) producer surplus is equal to consumer surplus.
D) total benefit is equal to total cost.
Answer: B
Economics
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A) $11.00 per CD B) $8.00 per CD C) $6.00 per CD D) None of the above answers is correct.
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Most changes in the money supply are the consequence of a change in the required reserve ratio
a. True b. False
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