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1 Jul 2018
Use the figure below to answer the following questions. Price (dollars per unit) 25 20 ......... 0 50 100 150 200 250 Quantity (units) Figure 5.3.1 8) Refer to Figure 5.3.1. If the price is $15 a unit, A) marginal social benefit equals marginal social cost. B) deadweight loss is zero. C production is efficient. D) the sum of consumer surplus and producer surplus is maximized. E) all of the above.
Use the figure below to answer the following questions. Price (dollars per unit) 25 20 ......... 0 50 100 150 200 250 Quantity (units) Figure 5.3.1 8) Refer to Figure 5.3.1. If the price is $15 a unit, A) marginal social benefit equals marginal social cost. B) deadweight loss is zero. C production is efficient. D) the sum of consumer surplus and producer surplus is maximized. E) all of the above.
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