If the Marginal Cost of Producing Every Quantity Decreases, All

question 424

Multiple Choice

If the marginal cost of producing every quantity decreases, all the following occur EXCEPT

• A) minimum supply price does not change.
• B) the marginal social benefit of the last unit bought changes.
• C) the consumer surplus increases.
• D) the efficient quantity increases.

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Definitions:

Shipping Solution

A system or service that simplifies the process of sending goods from one place to another.

Objective Function

A mathematical expression that defines the goal of an optimization problem, often involving the maximization or minimization of some quantity.

Distribution Network

A system of storage facilities and transportation logistics that moves goods from manufacturers to consumers.

Raw Material

Basic material from which a product is made, typically unprocessed or minimally processed before being used in manufacturing processes.