A Benevolent Social Planner Would Prefer That the Output of Good

question 539

Multiple Choice

A benevolent social planner would prefer that the output of good x be increased from its current level if, at the current level of output of good x,

• A)social value = private value = private cost < social cost.
• B)social cost > private value = social value > private cost.
• C)social cost = private cost = private value < social value.
• D)social value = private cost = social cost > private value.

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Definitions:

Radial

Pertaining to the radius bone or located near it; also refers to structures arranged like rays.

Angina Pectoris

Chest pain or discomfort that occurs when an area of your heart muscle doesn't get enough oxygen-rich blood, often a symptom of coronary artery disease.

Angiostenosis

Narrowing or constriction of a blood vessel that can impede blood flow.

Cardiac Arrest

A sudden cessation of heart function, leading to a lack of blood flow to the brain and other vital organs.