A deadweight loss occurs whenever A) the total benefit of a ...

[gonzo233]

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.

[Madisongo23]

Answer to Question 1

B

Answer to Question 2

A

[gonzo233]

Thanks for the timely response, appreciate it

[amandanbreshears]

YES! Correct, THANKS for helping me on my review