« previous next »

Author Question: When the amount of output is such that marginal social benefit exceeds marginal social cost, then to ... (Read 76 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
on: Jun 29, 2018
When the amount of output is such that marginal social benefit exceeds marginal social cost, then to reach the efficient quantity
 
  A) production should be increased.
  B) production should be decreased.
  C) production should remain constant.
  D) More information is needed to determine if production should be increased, decreased, or not changed.

Question 2

Starting at the top of a straight-line downward sloping demand curve, as the price falls, total expenditures will
 
  A) initially increase and then decrease.
  B) initially decrease and then increase.
  C) increase along the entire demand curve.
  D) decrease along the entire demand curve.


deja

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

This map shows the percentage of Protestants by state in Germany. When compared to the previous map This map shows the percentage of Protestants by state in Germany. When compared to the previous map
A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ... A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ...
An IAC controls idle speed by controlling the amount of air that passes around the throttle plate. ... An IAC controls idle speed by controlling the amount of air that passes around the throttle plate. ...
Enduring Social Issues Enduring Social Issues
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Video: Brain Anatomy Animation (Part 1 of 2)

For a complete list of videos, visit our video library