The schedules in the table give the marginal social benefit and marginal social cost of a DVD. If the number of DVD produced is cut to 2 a week, then the ________.
A) minimum supply-price of the second DVD is 18
B) price is 18 a DVD
C) opportunity cost of the second DVD is 22
D) value of the second DVD is 20
Question 2
The accountant for Muzhi's Sushi claims that Muzhi has accomplished technological efficiency. This means that Muzhi's Sushi
A) produces a given output using the least inputs.
B) produces a given output at the lowest cost.
C) has an economic profit greater than a normal profit.
D) has a normal profit greater than an economic profit.
