The figure above shows the market for coffee. When the efficient quantity of coffee is produced, the marginal social benefit from the last pound is

A) $1.00.
B) $2.50.
C) $3.00.
D) $4.00.

C

Economics

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A competitive equilibrium has all of the following properties except

A) MPN = slope of PFF. B) MRS1,C = MRT1,C. C) MRT1,C = MPN. D) MPN = w.

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None of the transition economies avoided the transition recession

a. True b. False

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