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Author Question: The market demand curve for coffee is the same as the A) marginal social cost curve of coffee. ... (Read 47 times)

misspop

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  • Posts: 540
on: Jun 29, 2018
The market demand curve for coffee is the same as the
 
  A) marginal social cost curve of coffee.
  B) marginal social benefit curve of coffee.
  C) opportunity cost curve of coffee.
  D) marginal social benefit curve minus the marginal social cost curve of coffee.

Question 2

A market demand curve measures
 
  A) how much a consumer is willing to pay for an additional unit of the good.
  B) the marginal social benefit of an additional unit of the good.
  C) the marginal social cost of an additional unit of the good.
  D) Both answers A and B are correct.


patma1981

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

B

Answer to Question 2

D


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