Resource use is efficient when
A) marginal social benefit exceeds marginal social cost.
B) marginal social cost is decreasing.
C) marginal social benefit equals marginal social cost.
D) marginal social benefit is increasing.

Question

Quizplus · Accepted Answer

Resource use is efficient when marginal social benefit equals marginal social cost, as this indicates that the resources are being used in a way that maximizes net benefits to society.

Resource Use Is Efficient When