A Production Quota Is Set Equal to the Equilibrium Quantity

question 113

Multiple Choice

A production quota is set equal to the equilibrium quantity.At the quota quantity,marginal social benefit is ________ marginal social cost and the level of production is ________.

• A)greater than;efficient
• B)greater than;inefficient
• C)less than;efficient
• D)less than;inefficient
• E)equal to;efficient

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Definitions:

Depressed Mood

A persistent feeling of sadness or a lack of interest in external stimuli, contributing significantly to the diagnosis of depression.

Dysthymic Disorder

A chronic form of depression characterized by a low mood over a long period.

Melancholic

Pertaining to a mood characterized by deep sadness or gloominess, often associated with a type of depression.