A benevolent social planner (one who cares about society) would prefer that the output of good x be increased from its current level if, at the current level of output of good x, A) social cost > private value = social value > private cost. B) social value = private cost = social cost > private value. C) social value = private value = private cost < social cost. D) social cost = private cost = private value < social value.

A benevolent social planner (one who cares about society) would prefer that the output of good x be increased from its current level if, at the current level of output of good x, A) social cost > private value = social value > private cost. B) social value = private cost = social cost > private value. C) social value = private value = private cost < social cost. D) social cost = private cost = private value < social value.

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter2: Economic Tools And Economic Systems

Section: Chapter Questions

Problem 2QFR

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