At Current Output,the Marginal Social Benefit from Furbys Is Greater

question 74

Multiple Choice

At current output,the marginal social benefit from Furbys is greater than marginal social cost.To achieve an efficient allocation,which of the following must occur? (1) Furby output must increase.(2) Furby output must decrease.(3) the marginal social benefit of Furbys will rise.(4) the marginal social cost of Furbys will fall.

• A)1 and 3
• B)1 and 4
• C)2 and 3
• D)2 and 4
• E)1 only

---

Definitions:

Dotted Decimal Number

A representation of a numerical value using a base-10 system separated by dots, commonly used in IPv4 addresses.

Octet

A reference to each of the four numbers in a dotted decimal number Internet protocol address, so called because each number would have eight numerals in binary form.

Consortium

An association or group of companies, institutions, or governments that collaborate towards a common objective, often pooling resources for achieving a specific goal.

Web Protocols

Rules and standards that define how data is transmitted and received over the internet, including HTTP and FTP.