When should a private good be produced from an efficiency standpoint? a-When the sum of all of society’s marginal benefit exceeds the marginal cost b-When the marginal benefit from consumption exceeds the marginal cost c-When the marginal cost exceeds the marginal benefit from consumption d-When the marginal cost exceeds the sum of all of society’s marginal benefit

When should a private good be produced from an efficiency standpoint? a-When the sum of all of society’s marginal benefit exceeds the marginal cost b-When the marginal benefit from consumption exceeds the marginal cost c-When the marginal cost exceeds the marginal benefit from consumption d-When the marginal cost exceeds the sum of all of society’s marginal benefit

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter14: Environmental Economics

Section: Chapter Questions

Problem 7SQ

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