The Efficient Quantity of a Good

question 42

Multiple Choice

The efficient quantity of a good

• A)is achieved whenever the marginal cost of producing the last unit exceeds its value to some consumer
• B)is achieved whenever the value of the last unit to some consumer exceeds the minimum price its producer would be willing to accept for it
• C)will not be produced unless a side payment is made
• D)is the quantity at which the market supply and demand curves intersect
• E)is usually a fair quantity

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