The decision to expand the size of your factory is a long-run decision

If the equilibrium price of a good decreases and the equilibrium quantity of the good decreases, we can conclude that

A) demand decreased. B) supply increased. C) demand increased. D) supply decreased.

The above figure shows the marginal social benefit and marginal social cost curves of chocolate in the nation of Kaffenia. What is the marginal social cost of producing the 250th pound of chocolate each day?

A) $625.00 per pound B) $2.50 per pound C) $1.00 per pound D) $0.50 per pound