Use the following diagram to answer the following questions.

-Refer to MBA. Assume marginal social benefits are equal to MBA₁, the efficient level of achievement would be:

Name: Use the following diagram to answer the following questions. -Refer to MBA. Assume marginal social benefits are equal to MBA₁, the efficient level of achievement would be:
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Question

Use the following diagram to answer the following questions.
 
-Refer to MBA. Assume marginal social benefits are equal to MBA₁, the efficient level of achievement would be:

Quizplus · Accepted Answer

The efficient level of achievement occurs where marginal social benefits (MBA) are equal to marginal social costs (MSC), which is at point A₂.

Use the Following Diagram to Answer the Following Questions