-In the Above Table, When 200 Brownies Are Produced

question 62

Multiple Choice

-In the above table, when 200 brownies are produced

• A) marginal social benefit is greater than marginal social cost, and resource use is efficient.
• B) marginal social benefit is greater than marginal social cost, and there is a deadweight loss.
• C) marginal social benefit equals marginal social cost, and resource use is efficient.
• D) marginal social benefit is less than marginal social cost, and there is a deadweight loss.

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Definitions:

Mass-Produced

Items that are manufactured in large quantities using efficient production techniques and often assembly lines to lower costs.

Custom Made

Products or goods specifically designed and produced to meet the unique requirements of an individual customer.

Activity-Based Costing

A costing method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each.

Overhead

Ongoing expenses related to the operation of a business that are not directly tied to specific product production.