-The Above Figure Shows the Marginal Social Benefit and Marginal

question 17

Multiple Choice

-The above figure shows the marginal social benefit and marginal social cost curves of doughnuts in the nation of Kaffenia. When the marginal social benefit of the last dozen doughnuts is equal to the marginal social cost

• A) the efficient quantity is being produced and consumed.
• B) 200 dozen doughnuts are produced and consumed each day.
• C) an increase in production and consumption would increase efficiency.
• D) Both answers A and B are correct.

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Definitions:

Alcohol

A colorless volatile flammable liquid that is the intoxicating constituent of wine, beer, spirits, and other drinks, and also used as an industrial solvent and as fuel.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, 5th Edition, a classification and diagnostic tool used by mental health professionals.

Gambling Disorder

Persistent and recurrent gambling despite harmful negative consequences or a desire to stop.

Sociocultural Factors

Aspects of society and culture that influence thoughts, feelings, and behaviors, including values, beliefs, and norms.