Economics · Public Finance
According to the Principle of Maximum Social Advantage, social advantage is maximized when the marginal social benefit of public expenditure is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Maximized, regardless of the cost of taxation
- 2Equal to the marginal social cost of taxation✓
- 3Less than the marginal social cost of taxation
- 4Greater than the marginal social cost of taxation
Correct answer
Equal to the marginal social cost of taxation
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