Which of the Following Statements Is True

question 278

Multiple Choice

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.

---

Definitions:

Smoke

The visible result of combustion, consisting of particulate matter, gases, and water vapor released into the air.

Confidence Interval

A range of values derived from sample data that is likely to cover the true value of an unknown population parameter, expressed at a given confidence level (e.g., 95%).

High Blood Pressure

A medical condition where the blood pressure in the arteries is persistently elevated, which can lead to serious health issues if not managed properly.

Margin of Error

An expression of the amount of random sampling error in a survey's results, which describes how closely the sample estimate matches the true value in the whole population.