Author Question: Marginal social cost A) is the additional cost to the consumer of consuming another unit of a ... (Read 157 times)

Haya94 · **on:** Jun 29, 2018

Marginal social cost

A) is the additional cost to the consumer of consuming another unit of a good.
B) is equal to price times quantity sold.
C) decreases as more of a good is produced and, hence, is depicted by a downward sloping curve.
D) is the opportunity cost of producing one more unit of a good and, hence, is the same as the supply curve.

Question 2

The above figure shows the apartment rental market in Bigtown. If the Bigtown Housing Authority imposes a rent ceiling of 1,000 per month, the ceiling will

A) help all renters.
B) help some renters and hurt other renters.
C) help all landlords.
D) have no effect at all on the Bigtown rental market.