If There Is a Market Outcome in Which the Marginal

question 105

Multiple Choice

If there is a market outcome in which the marginal benefit to consumers of the last unit produced is equal to its marginal cost of production and consumer surplus plus producer surplus is maximised, then

• A)maximum deadweight loss occurs.
• B)economic efficiency is achieved.
• C)profits are maximised.
• D)costs are minimised.

---

Definitions:

Gonioscopy

A diagnostic procedure to examine the anterior chamber angle of the eye, crucial for diagnosing and managing glaucoma.

Tonometry

A diagnostic test used to measure the pressure inside the eye, which is important for diagnosing and managing glaucoma.

Mydriatic

Pertaining to or causing dilation of the pupils; often used in eye examinations or surgeries.

Miotic

Pertaining to substances or medications that cause the pupil of the eye to constrict.