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Author Question: In the absence of externalities, marginal cost is a good measure of (Read 68 times)

dbose

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on: May 25, 2020

Question 1

In a perfect market, social efficiency in any activity will be maximised where the activity's
◦ MSB = MSC.
◦ MC > MB.
◦ MSB > MSC.
◦ MB = MC.

Question 2

In the absence of externalities, marginal cost is a good measure of
◦ what society gives up by using resources to produce more unit of a good or service.
◦ the least costly way to produce all units of a good.
◦ the social value of a marginal unit of a good.
◦ what society gains by using resources to produce more unit of a good or service.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by dbose on May 25, 2020

234sdffa

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dbose

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

kilada

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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