Underproduction Compared to the Efficient Amount Implies That for the Last

question 79

Multiple Choice

Underproduction compared to the efficient amount implies that for the last unit produced,

• A) marginal social benefit equals marginal social cost.
• B) marginal social benefit exceeds marginal social cost.
• C) marginal social cost exceeds marginal social benefit.
• D) the deadweight loss is zero.

---

Definitions:

Intellectual Giftedness

Refers to individuals, often children, who possess exceptional natural abilities in one or more domains of intelligence, significantly beyond the average for their age.

Gross Motor Skills

The abilities required to control the large muscles of the body for walking, running, sitting, crawling, and other activities.

Language Development

The method through which, during their early years, children learn to comprehend and express language.

Sensitive Periods

Critical or optimal times during development when the brain is especially receptive to acquiring certain knowledge or skills.