At the quantity of 1000 tacos, the marginal social benefit of a taco is .50 and the marginal social cost is .60. To produce the efficient quantity of tacos
A) more tacos should be produced.
B) fewer tacos should be produced
C) there should be no change in the amount of tacos produced.
D) More information on production costs is needed to determine the efficient level of tacos.
Question 2
In the above figure, point A is ________, and point B is ________.
A) attainable, attainable
B) attainable, unattainable
C) unattainable, attainable
D) unattainable, unattainable
A graphical representation of the marginal value theorem.
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