An efficiency loss (or dead weight loss) declines in size when a unit of output

Q: An efficiency loss (or dead weight loss) declines in size when a unit of output

(C) consumer surplus exceeds producer surplus Because dead weight loss is difference between amount of good that is unconsumed . As in Monopoly deadwright loss occurs when producers surplus exceeds at the expense of consumer surplus.

ID: 1130468 • Letter: A

Question

An efficiency loss (or dead weight loss) declines in size when a unit of output is produced for which ? (A) a marginal cost exceeds marginal benefit (B) maxium willingness to pay exceeds minimum acceptable price (C) consumer surplus exceeds producer surplus An efficiency loss (or dead weight loss) declines in size when a unit of output is produced for which ? (A) a marginal cost exceeds marginal benefit (B) maxium willingness to pay exceeds minimum acceptable price (C) consumer surplus exceeds producer surplus (A) a marginal cost exceeds marginal benefit (B) maxium willingness to pay exceeds minimum acceptable price (C) consumer surplus exceeds producer surplus

Explanation / Answer

Because dead weight loss is difference between amount of good that is unconsumed . As in Monopoly deadwright loss occurs when producers surplus exceeds at the expense of consumer surplus.

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An efficiency loss (or dead weight loss) declines in size when a unit of output

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