Author Question: A deadweight loss occurs whenever A) the total benefit of a good does not equal its total cost. ... (Read 106 times)

gonzo233 · **on:** Jun 29, 2018

A deadweight loss occurs whenever

A) the total benefit of a good does not equal its total cost.
B) the marginal social benefit of a good does not equal its marginal social cost.
C) there is perfect price discrimination.
D) there is no consumer surplus.

Question 2

All points below a given indifference curve are

A) less preferred to any point on the indifference curve.
B) preferred to any point on the indifference curve.
C) definitely affordable.
D) Both answers A and C are correct.