A deadweight loss is created
A) only if the last unit produced has a marginal social benefit greater than its marginal social cost.
B) only if the last unit produced has a marginal social cost greater than its marginal social benefit.
C) only if the last unit produced has a marginal social benefit equal to its marginal social cost.
D) if for the last unit produced, marginal social cost is greater than its marginal social benefit or if its marginal social benefit is greater than its marginal social cost.
D
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The real interest rate is defined as the:
a. fixed rate on consumer loans. b. nominal interest rate minus the inflation rate. c. actual interest rate. d. expected interest rate minus the inflation rate.
Are property taxes progressive or regressive?
What will be an ideal response?
It is possible to analyze education decisions in a manner similar to the decision to acquire more
A. capital. B. leisure. C. work. D. goods and services.
Providing stock options to corporate managers was an idea designed to:
A. hide increases in pay of corporate executives from stockholders. B. align managers' interest with the stockholders' interest. C. treat the free-rider problem. D. treat adverse selection.