Which of the following statements is TRUE?
A) At the efficient quantity, marginal social benefit equals marginal social cost.
B) Marginal social cost increases as the quantity produced decreases.
C) Marginal social benefit decreases as the quantity consumed decreases.
D) If marginal social benefit exceeds marginal social cost by as much as possible, production is efficient.
A
Economics
You might also like to view...
Roughly 144 million people in the United States hold jobs
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following is an extreme form of risk associated with investing in a foreign country?
a. Credit risk b. Labor unrest c. Expropriation d. Immigration rules
Economics