If the marginal social cost exceeds the marginal social benefit for the last pair of shoes produced, then the economy is producing more than the efficient amount.
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Q420: Q421: If the marginal social benefit of pizza Q422: The producer surplus on a unit of Q423: Buyers receive a consumer surplus when the Q424: If the marginal social cost of a Q426: The opportunity cost to the firm of Q427: Consumer surplus is the value of a Q428: The opportunity cost to the consumer of Q429: Command system allocates resources by the order Q430: Jason wants to hire Maria to tutor
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