please quickly thanks ! Under-allocation of resources occurs at the output where: A. Marginal benefit is greater than marginal cost. B. Marginal cost is greater than average total cost C. Marginal revenue equals to marginal cost. D. Social cost is below private cost.

please quickly thanks ! Under-allocation of resources occurs at the output where: A. Marginal benefit is greater than marginal cost. B. Marginal cost is greater than average total cost C. Marginal revenue equals to marginal cost. D. Social cost is below private cost.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

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Question

14 please quickly thanks !

Under-allocation of resources occurs at the output where:

A. Marginal benefit is greater than marginal cost.

B. Marginal cost is greater than average total cost

C. Marginal revenue equals to marginal cost.

D. Social cost is below private cost.

Definition Definition Total cost incurred by the producers of goods and services as well as anyone who is impacted by the production of the commodity in terms of external cost.

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