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Author Question: A deadweight loss occurs whenever A) the total benefit of a good does not equal its total cost. ... (Read 117 times)

gonzo233

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on: Jun 29, 2018
A deadweight loss occurs whenever
 
  A) the total benefit of a good does not equal its total cost.
  B) the marginal social benefit of a good does not equal its marginal social cost.
  C) there is perfect price discrimination.
  D) there is no consumer surplus.

Question 2

All points below a given indifference curve are
 
  A) less preferred to any point on the indifference curve.
  B) preferred to any point on the indifference curve.
  C) definitely affordable.
  D) Both answers A and C are correct.


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Madisongo23

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


gonzo233

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

tkempin

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Reply 3 on: Yesterday
Wow, this really help

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