If production is not at an efficient level,which of the following must be true?
A)Marginal social benefit exceeds marginal social cost.
B)Marginal social cost exceeds marginal social benefit.
C)Production will increase.
D)Production will decrease.
E)Total surplus is not maximized.

Question

Quizplus · Accepted Answer

If production is not at an efficient level, it means that resources are not being allocated in a way that maximizes total surplus, which is the sum of consumer and producer surplus.

If Production Is Not at an Efficient Level,which of the Following