Give typing answer with explanation and conclusion Marginal cost and marginal benefit(dollars per pound)54320MSCMSB100 200 300 400 500600Quantity (pounds of coffee per day)The above figure shows the marginal social benefit and marginal social costcurves of coffee in the nation of Kaffenia. When 400 pounds of coffee areproduced and consumed in Kaffenia each day, that is_O more efficient than when 300 pounds are produced and consumed because more isalways better than less.inefficient because the marginal social benefit exceeds the marginal social cost.O inefficient because the marginal social cost of the 400th pound exceeds its marginalsocial benefit.O inefficient because the opportunity cost of producing more coffee exceeds itsmarginal social benefit.

Maximum efficiency in economics refers to the condition wherein an economy employs its resources…

Morginal cost and marginal benefit (dollors per pound) 2 0 MSC MSB 100 200 300 400 500 600 Quantity (pounds of coffee per day) The above figure shows the marginal social benefit and marginal social cost curves of coffee in the nation of Kaffenia. When 400 pounds of coffee are produced and consumed in Kaffenia each day, that is_ more efficient than when 300 pounds are produced and consumed because more is always better than less. O inefficient because the marginal social benefit exceeds the marginal social cost. inefficient because the marginal social cost of the 400th pound exceeds its marginal social benefit. O inefficient because the opportunity cost of producing more coffee exceeds its marginal social benefit.

Morginal cost and marginal benefit (dollors per pound) 2 0 MSC MSB 100 200 300 400 500 600 Quantity (pounds of coffee per day) The above figure shows the marginal social benefit and marginal social cost curves of coffee in the nation of Kaffenia. When 400 pounds of coffee are produced and consumed in Kaffenia each day, that is_ more efficient than when 300 pounds are produced and consumed because more is always better than less. O inefficient because the marginal social benefit exceeds the marginal social cost. inefficient because the marginal social cost of the 400th pound exceeds its marginal social benefit. O inefficient because the opportunity cost of producing more coffee exceeds its marginal social benefit.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 13SCQ: A country called Sherwood is very heavily covered with a forest of 50,000 trees. There are proposals...

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