-In the Above Figure, Suppose the Quantity Produced Is 40

question 66

Multiple Choice

-In the above figure, suppose the quantity produced is 40. Then

• A) the marginal social cost of the 40th unit is $1.
• B) production is not efficient because MSB > MSC.
• C) the willingness to pay for the 40th unit is $2, the equilibrium price.
• D) production is not efficient because MSC > MSB.

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