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Author Question: If there is a market outcome in which the marginal benefit to consumers of the last unit produced is ... (Read 23 times)

penguins

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on: Jun 29, 2018
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 maximized, then
 
  A) maximum deadweight loss occurs. B) profits are maximized.
  C) costs are minimized. D) economic efficiency is achieved.

Question 2

What is a production possibilities frontier? What do points along the frontier represent? What do points inside and outside the frontier represent?
 
  What will be an ideal response?
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shailee

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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penguins

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Reply 2 on: Jun 29, 2018
Gracias!

mjenn52

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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