Multiple Choice

-The above figure shows the marginal social benefit and marginal social cost curves of coffee in the nation of Kaffenia. For a consumer, the price they are willing to pay for each additional pound of coffee is
A) always less than the economy's marginal social cost of producing that additional pound.
B) equal to their own marginal benefit from consuming that additional pound.
C) equal to their consumer surplus.
D) Both answers B and C are correct.
Correct Answer:
Verified
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