Use the figure below to answer the following question.
If the output level is Q2, then there will be
A. minimum net producer surplus.
B. greater marginal benefits than marginal costs of the product.
C. productive efficiency.
D. maximum deadweight losses.
Answer: C
Economics
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Economics
At the beginning of the year, your wealth is $10,000. During the year, you have an income of $90,000 and you spend $80,000 on consumption. You pay no taxes. Your wealth at the end of the year is
A) $20,000.00. B) $0. C) $90,000.00. D) $100,000.00.
Economics