Deadweight Losses Occur When the Quantity of an Output Produced

question 162

Multiple Choice

Deadweight losses occur when the quantity of an output produced is

• A) less than, but not when it is greater than, the competitive equilibrium quantity.
• B) greater than, but not when it is less than, the competitive equilibrium quantity.
• C) less than or greater than the competitive equilibrium quantity.
• D) such that the marginal benefit of the output is just equal to the marginal cost.

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Definitions:

Hardware Components

Physical parts of a computer or electronic system necessary for its operation, such as the CPU, RAM, hard drive, and motherboard.

Output Device

A hardware component used to convey information to one or more people by converting data into a human-readable form, such as monitors and printers.

Input Device

A hardware device used to send data to a computer allowing the user to interact with and control it. This includes devices like keyboards and mice.

Main Circuit Board

The primary electronic board within a computer or other electronic system that holds and allows communication between many of the crucial electronic components.