Unformatted text preview: marginal social benefit. Are sewage treatment plants being produced at the efficient level? Why or why not? 3. PM Stephen Harper asked his aids to calculate the total social benefits and the total social costs of national defense. They found that the total social benefits of national defense exceed the total social costs. Does this imply that the funding to the Department of National Defense should be increased to achieve efficiency? Why or why not?...
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- Fall '06
- J Liu
- Economics, Sewage treatment, Externality, total social costs, Department of National Defense