When
the marginal benefit and marginal cost of sodas are equal, then
____.
A: the
production of sodas might be allocatively efficient but it is
definitely production inefficient
B: the
allocatively inefficient amount of sodas is being produced
C: more
sodas should be produced to reach the allocatively efficient quantity
D: the
allocatively efficient amount of sodas is being produced
the marginal benefit and marginal cost of sodas are equal, then
____.
A: the
production of sodas might be allocatively efficient but it is
definitely production inefficient
B: the
allocatively inefficient amount of sodas is being produced
C: more
sodas should be produced to reach the allocatively efficient quantity
D: the
allocatively efficient amount of sodas is being produced
举一反三
- In the above figure, when 2000 bicycles are produced each month, we can see that A: the marginal benefit from another bicycle is greater than the marginal cost of another bicycle. B: more bicycles should be produced to reach the allocatively efficient level of output. C: the economy is very efficient at the production of bicycles because the marginal benefit exceeds the marginal cost. D: Both answers A and B are correct.
- In the above figure, if 4000 bicycles are produced per month, A: marginal benefit is greater than marginal cost. B: fewer bicycles should be produced to reach the allocatively efficient level of output. C: the marginal cost of production is 2 bottles of soda per bicycle. D: Both answers A and B are correct.
- A country produces only pencils and erasers. Pencil production is allocatively efficient if the marginal ________ of a pencil equals the marginal ________ of ________. A: cost; benefit; an eraser B: cost; cost; an eraser C: benefit; benefit; an eraser D: benefit; cost; a pencil
- Bridget drinks three sodas during a particular<br/>day. The marginal benefit she enjoys from drinking the third soda() A: can be thought of as the total benefit<br/>Bridget enjoys by drinking three sodas minus the total benefit<br/>she would have enjoyed by drinking just two sodas. B: determines Bridget’s willingness to<br/>pay for the third soda. C: is likely different from the marginal<br/>benefit provided to Bridget by the second soda. D: All of the above are correct.
- The<br/>Coase theorem states that ____. A: the<br/>level of pollution should be equal to zero to maximize social net<br/>benefit B: if<br/>property rights exist and transactions costs are low, private<br/>transactions are efficient C: the<br/>efficient level of output is where marginal external cost equals<br/>marginal external benefit D: the<br/>best way to limit pollution is by taxing producers who pollute