Using the table above, the working-age population is

Overproduction compared to the efficient amount implies that for the last unit produced

A) marginal social benefit exceeds marginal social cost. B) marginal social benefit equals marginal social cost. C) marginal social cost exceeds marginal social benefit. D) the deadweight loss is zero.

A 10 percent decrease in income decreases the quantity demanded of pizza by 3 percent. The income elasticity of demand for pizza is

A) -0.3. B) 0.3. C) 3.3. D) 10.0.