When the Efficient Quantity Is Produced

question 116

Multiple Choice

When the efficient quantity is produced

• A)marginal social benefit equals marginal social cost.
• B)the quantity demanded equals the quantity supplied.
• C)resources are used in the activities in which they are most highly valued.
• D)the sum of consumer surplus and producer surplus is maximized.
• E)all of the above.

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Definitions:

Pyroclastic Flows

High-density mixtures of hot volcanic ash, pumice, rock fragments, and volcanic gas that move away from the volcano at high speeds during an explosive eruption.

Mudflows

Rapid downhill movements of water-saturated earth material, primarily composed of mud and often triggered by heavy rainfall or volcanic activity.

Basaltic Lava

A type of molten rock that emerges from volcanoes or fissures on the Earth's surface, known for its low viscosity due to low silica content.

Catastrophic Melting

Rapid melting of ice or snow, often due to volcanic activity or sudden climate change, that can lead to significant water flow or flooding.