At the current level of output, the marginal social benefit of pizza exceeds the marginal social cost of pizza. Compared to the allocatively efficient quantity, we are producing too ________ pizza and too ________ of other goods

A) much; little
B) much; much
C) little; little
D) little; much


D

Economics

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A) always reduce total surplus. B) reduce consumer surplus and increase producer surplus. C) reduce producer surplus and increase consumer surplus. D) Not enough information to determine.

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If (T ? G) = (X ? IM), then (S ? I)

a. is greater than zero. b. is zero. c. is less than zero. d. cannot be calculated.

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