If society will gain by producing more X, then it must be the case that currently
A. PX = MCX.
B. PX < MCX.
C. either PX > MCX or PX < MCX.
D. PX > MCX.
Answer: D
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Which of the following would most likely cause a shift to the right in Graph B?
a. a change from Q1 to P1 in Graph A
b. a change from P2 to P1 in Graph A
c. a change from P1 to P2 in Graph A
d. a change from Q2 to Q1 in Graph A