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Unformatted text preview: optimal quantities. Describe the socially optimal consumption of UNC basketball tickets. Is this market determined? Does the current system for allocating tickets lead to socially optimal consumption? In-class worksheet, Class 4 2 2 4. The socially optimal quantity is the quantity of a good or service that results in the maximum possible economic surplus from producing and consuming the good or service. Consider the market for pork represented in the book Eating Animals. In what sense is the current quantity of pork a socially optimal quantity? In what sense is it not? The quantity of pork is socially optimal if it doesnt take into account social/ environmental/etc costs....
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- Fall '07