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:

Positive Alternatives

Favorable or beneficial options presented in place of less desirable ones, often used in problem-solving or decision-making processes.

Reasons For Decisions

The rationale or underlying factors that lead to a particular choice or judgment being made.

Apologize

Expressing regret or asking for forgiveness for an action or statement.

Negative Message

Communication that conveys a refusal, denial, or unwelcome news to the receiver.