If the Efficient Output of a Good Is Produced Each

question 7

Multiple Choice

If the efficient output of a good is produced each week, then the:

• A)marginal social benefit of the good equals its marginal social cost each week.
• B)marginal social benefit of the good is at a maximum.
• C)total social benefit of the good is at a maximum.
• D)total social benefit of the good equals its total social cost.

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Definitions:

Ductus Venosus

A fetal blood vessel that diverts some blood flow away from the liver and directly into the inferior vena cava.

Fetal Liver

An organ in the fetus that plays a crucial role in blood cell production before birth.

Inferior Vena Cava

A large vein that carries deoxygenated blood from the lower half of the body back to the right atrium of the heart.

Umbilical Artery

The umbilical artery carries deoxygenated blood from the fetus to the placenta during pregnancy.