If the Marginal Social Benefit of Consuming a Product Exceeds

question 79

Multiple Choice

If the marginal social benefit of consuming a product exceeds the marginal social cost,social welfare _____

• A)increases when output decreases.
• B)decreases when output increases.
• C)remains unchanged when output increases.
• D)increases when output increases.
• E)is at its maximum.

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Definitions:

Present Intent

A legal term indicating a person's current intention to perform an act or designate a legal status to an item of property.

UCC

Stands for Uniform Commercial Code; a comprehensive set of laws governing all commercial transactions in the United States.

Shipment

The process of transporting goods from one place to another.

Breach

The violation of a law, duty, or other form of agreement.