Refer to Figure 5-1. Marginal private benefit is represented by ...

[CharlieWard]

Refer to Figure 5-1. Marginal private benefit is represented by which curve?
 
  A) D2
  B) D1
  C) Supply
  D) All of the above represent marginal private benefit.

Question 2

The decision about what goods and services will be produced in a centrally planned economy is made by
 
  A) producers deciding what society wants most.
  B) lawmakers in the government deciding on what will be produced.
  C) consumers dictating to firms what they need most.
  D) workers deciding to produce only what the boss says must be produced.
  E) consumers and firms choosing which goods and services to buy or produce.

[Joc]

Answer to Question 1

B

Answer to Question 2

B

[CharlieWard]

Thank you

[Joc]

No problemo