Equating society's marginal benefits with marginal costs will ensure that the economically efficient level of either private or public goods is attained.

Question

Quizplus · Accepted Answer

Equating society's marginal benefits with marginal costs ensures that resources are allocated efficiently, meaning that the benefits of producing or consuming an additional unit of a good or service just equal the costs, maximizing societal welfare for both private and public goods.

Equating Society's Marginal Benefits with Marginal Costs Will Ensure That