Refer to Figure 4-4. At a price of $18 consumers are willing to buy 40 pounds of tiger shrimp. Is this an economically efficient quantity?

A) Yes, because $18 shows what consumers are willing to pay for the product.
B) No, the marginal benefit of the 40th unit exceeds the marginal cost of that 40th unit.
C) Yes, otherwise consumers would not buy 40 units.
D) No, the marginal cost of the 40th unit exceeds the marginal benefit of the 40th unit.


B

Economics

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