The Marginal Social Cost of Producing the Last Unit of a Good

question 76

Multiple Choice

The marginal social cost of producing the last unit of a good is $1.10,while the consumers' willingness to pay for the last unit is $0.80.The deadweight loss from the production of the last unit of the good is ________.

• A) $1.10
• B) $1.90
• C) $0.50
• D) $0.30

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Definitions:

Depression

A mood disorder characterized by persistent feelings of sadness, loneliness, and a lack of interest in life activities.

Pronatalism

A belief system promoting the bearing of children as highly desirable, often culturally or politically encouraged.

Meaningful Life

Living in a way that has a sense of purpose, direction, and fulfillment according to one's own values and beliefs.

Motherhood Mandate

The societal expectation that defines women's primary identity and value through motherhood, often marginalizing those who do not or cannot conform.