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:

Neonatal Disorders

Health conditions affecting newborn infants, typically occurring in the first weeks after birth, which can involve respiratory problems, infections, or congenital anomalies.

Intellectual Disability

A state defined by marked restrictions in cognitive capabilities as well as in adaptive behavior, encompassing various everyday social and practical abilities.

Meningitis

An inflammation of the membranes (meninges) surrounding the brain and spinal cord, usually caused by an infection.

Prenatal Screening

The testing of unborn babies for the detection of certain diseases or conditions before birth.