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(Solved): 5. Using marginal analysis to find the efficient quantity of a good The following graph shows the m ...
5. Using marginal analysis to find the efficient quantity of a good The following graph shows the marginal benefit (MB) and marginal cost (MC) curves for beer in an economy.
If 60 million kegs of beer are sold, , which means that: It would be more efficient for society to devote more resources to the production of beer. It would be fairer for society to devote more resources to the production of beer. It would be fairer for society to devote fewer resources to the production of beer. It would be more efficient for society to devote fewer resources to the production of beer. If 20 million kegs of beer are sold, , which means that: It would be more efficient for society to devote fewer resources to the production of beer. It would be fairer for society to devote more resources to the production of beer. It would be more efficient for society to devote more resources to the production of beer. It would be fairer for society to devote fewer resources to the production of beer. The efficient allocation of resources would result in the production' of kegs of beer.