The marginal social cost of producing the last unit of a good is $1.10 while the consumers' willingness to pay for the last unit is $0.80. The deadweight loss from the production of the last unit of the good in equilibrium is ________

When a currency decreases in value relative to another currency, the currency has

A) declined. B) appreciated. C) accelerated. D) decelerated. E) depreciated.

In the figure above, suppose the market is at equilibrium. Then area B is the

A) marginal benefit. B) marginal cost. C) amount of the consumer surplus. D) amount of the producer surplus. E) deadweight loss.