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We assume the marginal benefit of consumption ________ as we consume fewer units of a good.

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We assume the marginal benefit of consumption ________ as we consume fewer units of a good.

Question 1.

If firms have to account for external costs in production, then they will produce an output level that is ________ the efficient level.

▸ at

▸ below

▸ above

▸ either above or below

Question 2.

We assume the marginal benefit of consumption ________ as we consume fewer units of a good.

▸ remains constant

▸ increases

▸ decreases

▸ could either increase or decrease

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 72 times

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jaded 7.

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More solutions for this book are available here

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You make an excellent tutor!

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