In order to maximize a market's consumer surplus and producer surplus:

Question

Quizplus · Accepted Answer

Maximizing the total consumer and producer surplus requires producing the quantity of goods where marginal benefit is equal to marginal cost. This means that the last unit produced adds the same amount of benefit to consumers as it costs producers to produce it, maximizing the difference between benefit and cost. Therefore, choice D is the correct answer as it correctly states that marginal benefit and marginal cost should be equal at the last unit produced.

In Order to Maximize a Market's Consumer Surplus and Producer