-In the Above Figure, If Output Were Restricted to 300

question 128

Multiple Choice

-In the above figure, if output were restricted to 300 million pounds of turkey, then

• A) the marginal social benefit would exceed the marginal social cost on the last pound of turkey traded by $0.80.
• B) there would be a deadweight loss of $40 million.
• C) there would be inefficient underproduction of turkey.
• D) All of the above answers are correct.

---

Definitions:

Business Communication

The sharing of information between people within a corporation or between a company and its customers, intended to achieve organizational goals.

Adaptation

A process of change where an organism or species becomes better suited to its environment.

Writing

The act or process of composing text for various purposes, such as storytelling, information dissemination, or record keeping.

Readability

The ease with which a reader can understand or comprehend a written text, often measured by various formulas considering word and sentence length.