If Production Is Not at an Efficient Level, Which of the Following

question 35

Multiple Choice

If production is not at an efficient level, which of the following must be true?

• A)Marginal social benefit exceeds marginal social cost.
• B)Marginal social cost exceeds marginal social benefit.
• C)Production will increase.
• D)Production will decrease.
• E)none of the above

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Definitions:

Fatty Acid

Organic compound that consists of an acidic carboxyl group “head” and a long hydrocarbon “tail.” Can be saturated or unsaturated.

Hydrophilic

Describes a substance that dissolves easily in water.

Carboxyl Group

A functional group consisting of a carbon atom double-bonded to an oxygen atom and single-bonded to a hydroxyl group (-COOH), found in organic acids.

Role

The function or position that an entity typically occupies or is expected to occupy within a particular context or system.