Refer to the figure below. At the private market equilibrium quantity, the social marginal cost of the last unit produced is ________ the marginal benefit of the last unit produced.
A)equal to
B)greater than
C)less than
D)less important than

Question

Refer to the figure below. At the private market equilibrium quantity, the social marginal cost of the last unit produced is ________ the marginal benefit of the last unit produced.   
A)equal to 
B)greater than 
C)less than 
D)less important than

Quizplus · Accepted Answer

At the private market equilibrium quantity, G, the social marginal cost of the last unit produced is greater than the marginal benefit of the last unit produced.

Refer to the Figure Below