Author Question: Expected utility is the utility that arises from expected wealth. Indicate whether the statement ... (Read 91 times)

ec501234 · **on:** Jun 29, 2018

Expected utility is the utility that arises from expected wealth.

Indicate whether the statement is true or false

Question 2

A voucher can eliminate the deadweight loss and lead to an efficient outcome if the value of the voucher equals the ________ of the good.

A) marginal external benefit
B) marginal social benefit
C) marginal private benefit
D) marginal social cost