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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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This note was uploaded on 10/12/2009 for the course ECON 290 taught by Professor J liu during the Fall '06 term at Simon Fraser.
- Fall '06
- J Liu