A Deadweight Loss Is Created

question 342

Multiple Choice

A deadweight loss is created

• A) only if the last unit produced has a marginal social benefit greater than its marginal social cost.
• B) only if the last unit produced has a marginal social cost greater than its marginal social benefit.
• C) only if the last unit produced has a marginal social benefit equal to its marginal social cost.
• D) if for the last unit produced, marginal social cost is greater than its marginal social benefit or if its marginal social benefit is greater than its marginal social cost.

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Definitions:

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and inappropriate actions.

Anorexia Nervosa

An eating disorder characterized by an obsessive fear of gaining weight, leading to severe restriction of food intake and malnourishment.

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, including activities undertaken while working, playing, carrying out household chores, traveling, and engaging in recreational pursuits.

Appetites

Natural desires or cravings, especially for food or pleasure.