If the marginal social benefit of one more unit of a good is 10 and the marginal social cost of one more unit of a good is 11, then:
A) the output of the good is efficient.
B) a bureaucrat can still increase the bureau's budget.
C) a bureaucrat can increase the bureau's budget if the total social cost exceeds the total social benefit.
D) a bureaucrat can increase the bureau's budget if the total social cost is below the total social benefit.
Correct Answer:
Verified
Q29: The demand curve for a pure public
Q30: Voter A will normally vote in favor
Q31: Arrow's impossibility theorem states that a:
A)unique political
Q32: Which of the following collective choice rules
Q33: If a person has multiple-peaked preferences for
Q34: A voter may choose not to vote
Q35: Implicit logrolling results when:
A)any two issues are
Q37: A proposal to build new roads in
Q38: Explain why all voters will have single-peaked
Q39: If all voters have single-peaked preferences, then
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents