Economics · Public Finance

When is social advantage maximized?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1When Marginal Social Sacrifice is zero
2When Marginal Social Utility is less than Marginal Social Sacrifice
3When Marginal Social Utility equals Marginal Social Sacrifice✓
4When Marginal Social Utility is greater than Marginal Social Sacrifice

Correct answer

When Marginal Social Utility equals Marginal Social Sacrifice

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When is social advantage maximized?

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