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(Solved): Suppose a nation produces 10 million bushels of corn. The marginal social benefit of the 10 milliont ...
Suppose a nation produces 10 million bushels of corn. The marginal social benefit of the 10 millionth bushel is
$8, and its marginal social cost is
$4. The allocatively efficient quantity of corn is cannot be determined with these data. more than 10 million bushels. less than 10 million bushels. equal to 10 million bushels.
