33) Refer to Table 10. The table shows marginal private benefit and the marginal social benefit from medical services and the marginal social cost of medical services. An efficient quantity is produced if the government A) subsidizes production by S20 per unit. B) subsidizes production by S10 per unit. C) provides vouchers for consumption of S20 per unit. D) taxes production by S10 per unit. either A or C.

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Bunny GreenfelderLv2

7 Apr 2018

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Use the table below to answer the following questions. Table 10 MSC Marginal Private Benefit Output (units) Marginal Social Marginal Social Cost Benefit (dollars) (dollars) 100 3 ] 2 3 4 5 6 32) Refer to Table 10. The table shows marginal private benefit and the marginal social benefit from medical services and the marginal social cost of medical services. If production is left to the 18 private market, the quantity produced is A) 5 units. B) 1 unit 3 units D) 2 units. E) 4 units.

Use the figure below to answer the following question. Price (dollars per unit) 0 50 100 150 200 250 Quantity (units) Figure 4 10) Refer to Figure 4. If the quantity produced is 100, A) marginal social cost exceeds marginal social benefit. B) marginal social benefit is minimized. C) production is efficient. D) marginal social benefit exceeds marginal social cost. E) deadweight loss is zero.

Using the table below, answer the question.