-In the above figure, when the efficient quantity is produced the marginal social benefit of the last magazine is
A) $3.
B) $5.
C) $1.
D) some amount not given in the above three answers.

Question

-In the above figure, when the efficient quantity is produced the marginal social benefit of the last magazine is
A) $3. 
B) $5. 
C) $1. 
D) some amount not given in the above three answers.

Quizplus · Accepted Answer

Marginal social benefit is the benefit to society from producing one more unit of a good or service. In the figure, the marginal social benefit of the last magazine is $3.

-In the Above Figure, When the Efficient Quantity Is Produced