What is true if a benevolent social planner chooses to produce more - ProProfs Discuss
Topics-
Products +
     

What is true if a benevolent social planner chooses to produce more than the equilibrium quantity of a good?



A. Producer surplus is maximized
B. Consumer surplus is maximized
C. Total surplus is maximized
D. The value placed on the last unit of production by buyers exceeds the cost of production
E. The cost of production on the last unit produced exceeds the value placed on it by buyers

This question is part of Microeconomics [Ch.
Asked by Emy_, Last updated: Feb 03, 2019

+ AnswerRequest Answer
...

1 Answer

Emy_

Emy_

Answered on Oct 14, 2017

The cost of production on the last unit produced exceeds the value placed on it by buyers
 Reply

Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer

Email Sent
We have sent an email to your address "" with instructions to reset your password.