Business, 18.10.2019 21:10 princessjsl22

If a benevolent social planner chooses to produce less than the equilibrium quantity of a good, then
a. total surplus is maximized.
b. the value placed on the last unit of production by buyers exceeds the cost of production.
c. producer surplus is maximized.
d. the cost of production on the last unit produced exceeds the value placed on it by buyers.
e. consumer surplus is maximized.

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If a benevolent social planner chooses to produce less than the equilibrium quantity of a good, then...

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